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The compromise regarding Hamilton's debt plan, known as the Compromise of 1790, involved an agreement between Alexander Hamilton, Thomas Jefferson, and James Madison. Hamilton's plan to assume state debts was accepted in exchange for relocating the nation's capital from New York City to a more southern location along the Potomac River, which eventually became Washington, D.C. This compromise helped unify the federal government by addressing both fiscal stability and regional interests.

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What compromise led to acceptance of Hamiltons plan for reducing the national debt?

The Compromise of 1790 led to the acceptance of Alexander Hamilton's plan for reducing the national debt. This compromise was the first big compromise reached by the new government in America.


What compromise led the acceptance of hamilton's plan of reducing the national debt?

The Compromise of 1790 led to the acceptance of Alexander Hamilton's plan for reducing the national debt. This compromise was the first big compromise reached by the new government in America.


What was hamiltons plan to repay debt?

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What was hamiltons plan for restructuring the national debt?

to take over man kind


What was hamiltons plan for the national debt?

By using national banks. There for when people went to the bank they had owned money. That had made America increase there debt.


What was a part of Alexander hamiltons plan for restructuring the nations debt?

developing a strong commercial and industrial economy


What was Hamiltons plan for reducing the national debt?

By using national banks. There for when people went to the bank they had owned money. That had made America increase there debt.


What deal helped win support from the southern states in hamiltons debt plan?

He promised to locate the capitol in the south.


What was Hamiltons plan to pay off national debt?

Hamilton's plan to pay off the national debt had three parts. The first was to pay off all war debt, next was to raise government revenue and last to create a national bank.


The convention decided to make a compromise between the New Jersey Plan and the Virginia Plan. What was the name of the plan?

It was called the Connecticut Compromise. In 1787, at the Constitution Convention, this compromised was reached in which a bicameral legislature was accepted, where there would be a Senate and a House of Representatives.


Why did antifederalists oppose Alexander hamiltons's plan?

Why did Antifederalists oppose Alexander Hamilton's plan