Alexander Hamilton secured Southern support for his financial plan by agreeing to move the nation's capital from Philadelphia to a location along the Potomac River, which was more favorable to Southern interests. This compromise addressed Southern concerns over the perceived dominance of Northern economic interests and helped to gain their backing for Hamilton's proposals, including the federal assumption of state debts and the establishment of a national bank. The deal effectively balanced regional interests and allowed Hamilton to implement his financial strategy.
what deal helped to win the support for alexander hamilton's debt plan from southern states
Alexander Hamilton's economic plans included the federal assumption of state debts and the establishment of a national bank, which aimed to stabilize the fledgling American economy. To gain support from Southern states for these initiatives, Hamilton negotiated a deal with Thomas Jefferson and James Madison to locate the nation's capital along the Potomac River. This compromise resulted in the creation of the District of Columbia, which was established as a federal capital to reflect the interests of both Northern and Southern states. Thus, Hamilton's economic strategies directly influenced the founding of Washington, D.C.
In exchange for Southern votes, promised to support locating the national capital on the banks of the Potomac River, the border between the two southern states, Virginia and Maryland.
Alexander Hamilton had many plans, be more specific in asking questions please.
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.
locate the national capital in the south
what deal helped to win the support for alexander hamilton's debt plan from southern states
In exchange for Southern votes, promised to support locating the national capital on the banks of the Potomac River, the border between the two southern states, Virginia and Maryland.
Alexander Hamilton had many plans, be more specific in asking questions please.
Hamilton compromised with southern states by stating that he would ensure that the United States would absorb all of the debt for the war. In exchange Hamilton asked the southern states to relinquish the hold of wanting the nation's capital in one of the southern territories.
Funding and Assumption. He wanted a National Bank to assume the nations debt
because the southerners did not like Hamilton dumb
Hamilton convinced Southern leaders to support his economic plan by agreeing to relocate the nation's capital to a more southern location, which became Washington, D.C. This compromise addressed Southern concerns about political power and influence. Additionally, Hamilton emphasized the benefits of his plan, such as the federal assumption of state debts, which would stabilize the economy and foster national unity. These strategic negotiations were crucial in securing the necessary votes for his financial policies.
Alexander Hamilton has to make a deal with southern leaders to get support for his plan to pay back the national debt. In exchange for their support he promised them that he would locate the nation's capital along the Potomac River so that it would border between the north and south, and not directly in the northern states as it would have been in Philadelphia.
Alexander Hamilton had a plan to alleviate the tax burden on the northern states, who were lagging in their debt payments. Hamilton said the Southern states had already reduced their debt at great internal cost.
Well, honey, those southerners finally jumped on board with Hamilton's plan because he sweetened the deal by agreeing to move the nation's capital down to their neck of the woods. Money talks, and the promise of a fancy new capital city in the South was just too tempting for them to resist. So, they put aside their differences and went along with Hamilton's financial scheme.