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.
the government took control of the prices and gave it a sold rate so that it could not go up or down.
Funding and Assumption. He wanted a National Bank to assume the nations debt
One of the great problems of the Articles of the Confederation was the government's financial problem. Alexander Hamilton, who was the secretary of the treasury, had a new plan to fix US finances. 1) Pay of the national war debt, and have the government assume states individual debt. 2) impose high tariffs on imported goods (to protect the nations industries). 3) Create a national bank. Congress did adopt Hamilton's plan, they just made some adjustments.
unfortunately, forever, or at least as long as they are alive. I assume you mean the U.S. Congress, not state houses.
Thomas Jefferson
1789-1791
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.
Congress and the thirteen states.[: Audralynne :]
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
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.
He wanted the federal government to assume and pay all state debts.
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.
the government took control of the prices and gave it a sold rate so that it could not go up or down.
neutral fiscal
Since the lender must approve you to assume any loan, a credit check will probably be necessary.
Funding and Assumption. He wanted a National Bank to assume the nations debt