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Who favored the federal government to assume and pay for the war debts owed by the Congress and states?

Thomas Jefferson


What year did the Federal government assume the national debt following the American Revolution?

1789-1791


Hamilton wanted the Federal government to assume the war debts of the Second Continental Congress and also of the thirteen states?

Yes, Hamilton wanted the federal government to take on the war debt. He proposed a National Bank, which was met with opposition from many. Hamilton prevailed, and the First Bank of the United States was chartered in 1791.


Hamilton wanted the Federal government to assume and pay the war debts owed by both the?

Congress and the thirteen states.[: Audralynne :]


What did the economic nationalists wanted to do in 1776?

secure a charter for the Bank of North America; congress assume payment of the entire national debt; use tax revenues to pay off the growing national deficit


What was Spain's new nation's major financial problem?

The government's wealth was under a national debt. States with large debts payed off. However, the small states did not want the government to assume state debts.


Who did Hamiltion wanted the federal government to assume and pay the debts of the?

He wanted the federal government to assume and pay all state debts.


What were Hamilton's first financial policies intended for?

Hamilton created the first financial policies with the intention that they would fund the national debt. He had hoped to accomplish a stronger federal government by having federal government assume the debts incurred by the nation and the states.


Did the federal government assume great power over the national economy following entry into World War 2?

the government took control of the prices and gave it a sold rate so that it could not go up or down.


what will the government assume when the economy is stable?

neutral fiscal


If you assume the loan do you have to have a credit ck?

Since the lender must approve you to assume any loan, a credit check will probably be necessary.


Why did the Southern States like Alexander Hamilton's plan to solve the national debt?

Funding and Assumption. He wanted a National Bank to assume the nations debt