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What is the compromise that hamilton eventually works out with Jefferson and Madison?
The compromise that Alexander Hamilton worked out with Thomas Jefferson and James Madison involved agreeing to locate the new U.S. capital along the Potomac River in exchange for securing support from Jefferson and Madison for Hamilton's financial plan to assume state debts. This deal, known as the Compromise of 1790, helped to unify the fledgling government and allowed Hamilton to establish a strong federal financial system while appeasing Southern leaders concerned about the capital's location.
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Who does Madison agree with Hamilton or Jefferson?
Jefferson.
What was the 'Capital compromise'?
The "Capital Compromise" refers to an agreement reached in 1790 between Thomas Jefferson, Alexander Hamilton, and James Madison regarding the location of the new United States capital. In exchange for securing enough votes to pass Hamilton's financial plan, which included federal assumption of state debts, Jefferson and Madison agreed to support moving the capital from Philadelphia to a new site along the Potomac River, which eventually became Washington, D.C. This compromise was pivotal in shaping the political landscape of the early United States.
What compromise did Alexander Hamilton Thomas Jefferson and James Madison reach regarding payment of state dept?
He compromised that he would move the capital to the south.
Why did Jefferson and Madison start the Democratic-Republican Party?
Jefferson and Madison had different view points than Hamilton.
What compromise did Alexander Hamilton Thomas Jefferson and James Madison reach regarding replayment of state debts?
In return for support of Hamilton's Assumption plan the new US capital would be on the Potomac River.
Why do Hamilton distrust Madison Jefferson and their faction and feel that they were dangerous to Americas government?
Hamilton distrust Madison and Jefferson because they were supporting France and were against Great Britain.They were hostile to him.Hamilton said that the views of Madison and Jefferson are unsound and dangerous.
What are the different views of Hamilton as opposed to Jefferson and Madison on the Constitution?
Henry against Hamilton for
Opposition by Thomas Jefferson and James Madison to the financial plan of Alexander Hamilton resulted in?
Jefferson and Madison were polar opposites of Hamilton in the financial issues. The result of Jefferson's and Madison's opposition to Hamilton's financial plan was the establishments of the banking system.
What compromise did Jefferson and Hamilton Thomas Jefferson and James Madison reach regarding repayment of state debts?
It actually wasn't the repayment of state debts but the assumption of state debts. In 1790, Alexander Hamilton was the Secretary of the Treasury, Thomas Jefferson Secretary of State, and James Madison a Representative. Congress asked Hamilton for a plan to fix the economic system, and in the span of roughly 3 months Hamilton came out with the first Report on Public Credit, which advocated for the assumption of state debts. Hamilton argued that increasing the government's responsibility increases its authority. James Madison and Thomas Jefferson were horrified, and Madison set to work on not passing the bill, at least not the assumption. The other issue plaguing Congress was where to put the capital. In 1790 it was located in New York, which really wasn't a very good place to put it. Arguments rose. Madison and Jefferson favored Philadelphia as the temp capital and a site on the Potomac River as the permanent site. Alexander Hamilton, who wielded immense influence with Washington, however, wouldn't give in and desperately wanted the capital to remain in New York. Jefferson invited Hamilton and Madison to dinner and a compromise was made over the 2 issues. Hamilton would advocate for Philadelphia/Potomac for the capital; he figured that the capital would probably just end up there anyways. In return, Madison would not openly oppose Hamilton's assumption plan in the House, although he would not vote for it, and Jefferson would not try to sway Washington either way. The compromise was a very good one and history still remembers it, but at the time Hamilton would regret passing up the chance for New York to become another London (although it would) and Jefferson and Madison would regret letting the assumption pass as it made the government more powerful (which was Hamilton's goal as the Federalist party leader).
Subject of hamilton Jefferson and Madison 1790 disagreement?
National banks
What compromise did Hamilton and Thomas Jefferson and James Madison reach regarding repayment of state debts?
It actually wasn't the repayment of state debts but the assumption of state debts. In 1790, Alexander Hamilton was the Secretary of the Treasury, Thomas Jefferson Secretary of State, and James Madison a Representative. Congress asked Hamilton for a plan to fix the economic system, and in the span of roughly 3 months Hamilton came out with the first Report on Public Credit, which advocated for the assumption of state debts. Hamilton argued that increasing the government's responsibility increases its authority. James Madison and Thomas Jefferson were horrified, and Madison set to work on not passing the bill, at least not the assumption. The other issue plaguing Congress was where to put the capital. In 1790 it was located in New York, which really wasn't a very good place to put it. Arguments rose. Madison and Jefferson favored Philadelphia as the temp capital and a site on the Potomac River as the permanent site. Alexander Hamilton, who wielded immense influence with Washington, however, wouldn't give in and desperately wanted the capital to remain in New York. Jefferson invited Hamilton and Madison to dinner and a compromise was made over the 2 issues. Hamilton would advocate for Philadelphia/Potomac for the capital; he figured that the capital would probably just end up there anyways. In return, Madison would not openly oppose Hamilton's assumption plan in the House, although he would not vote for it, and Jefferson would not try to sway Washington either way. The compromise was a very good one and history still remembers it, but at the time Hamilton would regret passing up the chance for New York to become another London (although it would) and Jefferson and Madison would regret letting the assumption pass as it made the government more powerful (which was Hamilton's goal as the Federalist party leader).
What compromise did Alexander Hamilton Thomas Jefferson and James Madison reach regarding repayment state debts?
It actually wasn't the repayment of state debts but the assumption of state debts. In 1790, Alexander Hamilton was the Secretary of the Treasury, Thomas Jefferson Secretary of State, and James Madison a Representative. Congress asked Hamilton for a plan to fix the economic system, and in the span of roughly 3 months Hamilton came out with the first Report on Public Credit, which advocated for the assumption of state debts. Hamilton argued that increasing the government's responsibility increases its authority. James Madison and Thomas Jefferson were horrified, and Madison set to work on not passing the bill, at least not the assumption. The other issue plaguing Congress was where to put the capital. In 1790 it was located in New York, which really wasn't a very good place to put it. Arguments rose. Madison and Jefferson favored Philadelphia as the temp capital and a site on the Potomac River as the permanent site. Alexander Hamilton, who wielded immense influence with Washington, however, wouldn't give in and desperately wanted the capital to remain in New York. Jefferson invited Hamilton and Madison to dinner and a compromise was made over the 2 issues. Hamilton would advocate for Philadelphia/Potomac for the capital; he figured that the capital would probably just end up there anyways. In return, Madison would not openly oppose Hamilton's assumption plan in the House, although he would not vote for it, and Jefferson would not try to sway Washington either way. The compromise was a very good one and history still remembers it, but at the time Hamilton would regret passing up the chance for New York to become another London (although it would) and Jefferson and Madison would regret letting the assumption pass as it made the government more powerful (which was Hamilton's goal as the Federalist party leader).
