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.
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.
Hamilton called for the creation of a national bank to manage the country's finances.
answer
i dont know and yeah i dont know
True.
To discuss trade issues and to consider changing the Articles of Confederation.
Hamilton's main purpose and method of encouraging the growth of domestic business is by imposing tariffs on manufacturing foreign products across the world.
ummm i forgot but if you ask the quetion another time i will remember sorry
issue new bonds and guarantee payment
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.
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.
i will repay the amount by next wednesday