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The purpose of having the Government assume the debts of the States was to show the citizens and the world, that the US Government was going to be economically sound and because the states had fought for every state's independence from Britain, not just their individual state. Southern States opposed the plan because by the time of Washington's inauguration, the Southern States had already paid off their debts.
What else can I help you with?
What was Alexander Hamiltons biggest challenge?
to pay off national debt
Who would benefit from hamiltons plan to fund the national debt?
your mom would. (;
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 deal helped to win support for Alexander Hamilton's debt plan from Southern states?
In exchange for supporting Alexander Hamilton's debt plan, the southerners gained the privilege of having the nation's capital located in the south. Sectionalism appeared to already be growing at this point. The southerners didn't want to pay the debts that they believed had been incurred by the north.
What was hamiltons plan to repay debt?
Youmad bro?
Why did southern states to object Hamilton's plan to pay off the national debt?
because the southerners did not like Hamilton dumb
What was Alexander Hamiltons biggest challenge?
to pay off national debt
Who would benefit from hamiltons plan to fund the national debt?
your mom would. (;
What was hamiltons plan for restructuring the national debt?
to take over man kind
How did thomas jeffersons view of the national debt differ from that of Alexander hamiltons?
Jefferson wanted to pay off debt. Hamilton did not. CB
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 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 was a part of Alexander hamiltons plan for restructuring the nations debt?
developing a strong commercial and industrial economy
Why did the southerners finally agree to support debt assumption?
federal aid
What deal helped win support from the southern states in hamiltons debt plan?
He promised to locate the capitol in the south.
How did thomas jeffersons view of the national debt differ from Alexander hamiltons?
Jefferson wanted to pay off debts; Hamilton did not.
