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Why was it necessary for congress to assume the role of a national government during the war?
During the war, it was necessary for Congress to assume the role of a national government to effectively coordinate military efforts, manage resources, and unify the states in their fight. The Articles of Confederation had created a weak central government, which hindered decision-making and resource allocation. By stepping into a more central role, Congress could raise funds, recruit troops, and establish alliances, which were crucial for sustaining the war effort. This shift helped to foster a sense of national identity and purpose among the states.
What else can I help you with?
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.
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
What is Hamilton's economic plan?
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.
Times can congressmen be re-elected?
unfortunately, forever, or at least as long as they are alive. I assume you mean the U.S. Congress, not state houses.
Who favored the federal government to assume and pay for the war debts owed by the Congress and states?
Thomas Jefferson
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.
What year did the Federal government assume the national debt following the American Revolution?
1789-1791
Hamilton wanted the Federal government to assume and pay the war debts owed by both the?
Congress and the thirteen states.[: Audralynne :]
What were the 3 areas of the national debt that Hamilton wanted the federal government to pay?
Alexander Hamilton aimed for the federal government to assume responsibility for three key areas of national debt: the debts incurred by the Continental Congress during the Revolutionary War, the debts of individual states, and the debts of the federal government itself. This approach was intended to establish national credit, unify the states, and promote financial stability. By consolidating these debts, Hamilton believed the government could strengthen its fiscal position and encourage investment.
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.
