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Many people thought he was making people rich at the expense of others.
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Alexander hamiltons Policy of paying off all federal bonds at face value?
assumption
Why did people oppose Alexander Hamilton's plan to pay off the bonds?
Many people thought he was making people rich at the expense of others.
Who argued strongly against Alexander hamiltons plan to pay off war bonds?
Thomas Jefferson
Alex hamiltons policy of paying off all federal bonds?
Funding and assumption
What were Alexander Hamilton view on bonds?
He was in favor of bonds in order to help America's national debt lower
Why did people oppose to Alexander hamiltons to pay off the bonds?
Many people thought he was making people rich at the expense of others.
Alexander hamiltons Policy of paying off all federal bonds at face value?
assumption
Why did people oppose Alexander Hamilton's plan to pay off the bonds?
Many people thought he was making people rich at the expense of others.
Who argued strongly against Alexander hamiltons plan to pay off war bonds?
Thomas Jefferson
Alexander Hamiltons 1790 Report on Public Credit recommended that the 52 million public debt be?
Pooled with the 25 million dollars of state debt and paid off through bonds and a national bank.
Who argued strongly against hamiltons plan to pay off war bonds?
Thomas Jefferson
Alex hamiltons policy of paying off all federal bonds?
Funding and assumption
Hamiltons aggressive financial policies of paying off all federal bonds and taking on all state debts?
Funding and assumption.
What were Alexander Hamilton view on bonds?
He was in favor of bonds in order to help America's national debt lower
What was the outcome of Hamiltons economic plan?
Alexander Hamilton was the first US Secretary of the Treasury. His plan was successful in many ways. He founded a national bank, and he had America establish its own currency so no one had to use the British pound. He also came up with the idea for the national bank to sell bonds to the American people. This allowed the government to use the interest it earned to help pay off the war debt.
How did Alexander hamilton plan to handle the national debt?
by selling government bonds to fund the debt
Why did thomas Jefferson oppose paying full value for bonds?
Thomas Jefferson opposed paying full value for bonds because he believed that doing so would benefit speculators who had purchased the bonds at a discounted rate. He thought this would lead to an unfair advantage for wealthy individuals and erode the principles of democracy. Jefferson preferred a more egalitarian approach that would prioritize the needs of the common people.
