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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.

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How did Hamilton propose to repay the national debt and what the response of the opposition?

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.


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.


What did hamilton propose for a banking system?

answer


Why did the south object to Hamilton's plans to repay the bonds?

i dont know and yeah i dont know


Did Alexander Hamilton propose in the constitutional convention that the president and senators serve life terms?

True.


Why did Alexander Hamilton propose a meeting of the delegates?

To discuss trade issues and to consider changing the Articles of Confederation.


How did Hamilton propose to encourage Americans to support local manufacturing?

Hamilton's main purpose and method of encouraging the growth of domestic business is by imposing tariffs on manufacturing foreign products across the world.


How did Alexander Hamilton propose to raise prices on foreign products why did he do so?

ummm i forgot but if you ask the quetion another time i will remember sorry


How did Alexander Hamilton propose to deal with the problem of 12 million of debt the US borrowed from the foreign nations during the revolutionary war?

issue new bonds and guarantee payment


What did hamilton propose to help erase the nation's debt?

Alexander Hamilton drafted his First Report on the Public Credit to outline a plan for eliminating the national debt. He did this at the request of Congress in order to pay of the debt and establish national credit.


Why did Madison argue against Hamilton's plan to repay bondholders in full?

Madison argued against Hamilton's plan to repay bondholders in full because he believed it favored wealthy speculators at the expense of the original bondholders, many of whom had sold their bonds at a loss. He viewed this approach as unfair and potentially corrupt, as it would reward those who had profited from the misfortunes of the nation. Additionally, Madison was concerned that such a policy would centralize power in the federal government and undermine states' rights by increasing federal financial obligations.


How do you make sentence with repay?

i will repay the amount by next wednesday