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Southerners opposed Alexander Hamilton's plan to assume state debts from the Revolutionary War because they had already paid off a significant portion of their debts and felt it was unfair for them to support the debts of northern states. Additionally, they feared that the plan would increase federal power at the expense of state sovereignty. The opposition was also tied to regional tensions, as many southern leaders were concerned about the growing influence of the northern states in the new federal government.
What else can I help you with?
How did Alexander Hamilton propose to handle the nation's finances?
Hamilton called for the creation of a national bank to manage the country's finances.
Did Poland repay her debts of World War 2?
Yes
What treaty angered southerners because it did not repay them for the slaves they had lost during the revolutionary war?
Jay Treaty
Why did economist warn against the harshness of the treaty of the Versailles?
They feared that the world's economy would collapse if Germany could not repay its war debts.
How did the pilgrims repay the English merchants who paid their passage to the new world?
The Pilgrims repaid the English merchants who financed their passage to the New World by agreeing to work for them for a set number of years, usually seven. They were to produce and deliver goods, such as timber and fur, to help satisfy the debts incurred from their voyage. This arrangement was part of a broader system of indentured servitude, where labor was exchanged for passage and support in the new land. Ultimately, the Pilgrims aimed to establish a sustainable settlement that would allow them to repay their debts and achieve economic independence.
How did Alexander Hamilton propose to handle the nation's finances?
Hamilton called for the creation of a national bank to manage the country's finances.
How would you use the word repay in a sentence?
If you borrow money, you should repay who you borrowed it from to avoid debts.
What describes bankruptcy?
a legal declaration that you are unable to repay your debts
Did Poland repay her debts of World War 2?
Yes
What is a financial failure caused by a company's inability to repay its debts?
bankruptcy
What has the author Vince Lynn written?
Vince Lynn has written: 'Debts to repay'
What treaty angered southerners because it did not repay them for the slaves they had lost during the revolutionary war?
Jay Treaty
Other countries could not repay their debts to the US because?
they had their own economic problems
Do Many African nations owe huge debts they can not repay?
yes they do actually
What was the only nation to repay debts from World War 1?
Finland is the only nation that fully repaid its debts from World War I. After gaining independence from Russia in 1917, Finland took on loans to support its economy during the war and managed to repay these debts by the early 1930s. This achievement is notable as many other nations struggled with war-related debts for decades.
What does just debts mean?
"Just debts" refer to financial obligations that are considered fair, legitimate, and morally acceptable. These debts arise from valid agreements or contracts where both parties have willingly participated, reflecting an ethical responsibility to repay. In a broader context, just debts can also imply that the borrower has a reasonable ability to repay them without causing undue hardship.
How did hamilton propose to repay?
Hamilton proposed an excise tax to repay the national debt by setting up a national bank. The opposition was that taxing was giving the federal government too much power and a National Bank was unconstitutional.
