Hamilton's plan to reduce the public debt of the United States was controversial for

Discussion in 'Education' started by Rocky, Feb 20, 2010.

  1. Rocky
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    Rocky Rookie

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    Hamilton's plan to reduce the public debt of the United States was controversial for a number of reasons, but one part of the plan was particularly offensive to Southern Republicans. Which part of the plan was that?

    1) The plan called for the federal government to assume all state debts; the Southerners were offended because they had already paid most of their debts
    2) The plan called for a new tax to be placed on the importation of slaves
    3) The plan called for the Bank of the United States to be placed in New York, which offended Southerners because they felt the North would benefit from the jobs created by the bank
    4) The plan called for special income taxes to be paid by the states according to land area, which angered the larger Southern states
     
  2. Kevin_Kennedy
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    Kevin_Kennedy Defend Liberty

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    Hamilton advocated for a manageable debt, and his Bank of the United States made that debt possible.
     

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