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Many Americans opposed Hamilton's proposal to have the national government assume debts owed by the states because:most congressmen did not want speculators to gain profits from the schemethe Republicans feared that the national government would get too bureaucraticstates that had already paid a large proportion of their debt would have to help pay the debts of other statesall of the aboveNEXT QUESTION

Question

Many Americans opposed Hamilton's proposal to have the national government assume debts owed by the states because:most congressmen did not want speculators to gain profits from the schemethe Republicans feared that the national government would get too bureaucraticstates that had already paid a large proportion of their debt would have to help pay the debts of other statesall of the aboveNEXT QUESTION

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Solution

The answer to your question is "all of the above". This is because:

  1. Most congressmen did not want speculators to gain profits from the scheme: The idea of speculators profiting from the debts of the states was not appealing to many congressmen. They believed that this would lead

Similar Questions

How did Alexander Hamilton win support for his debt payment plan? A:A. He proposed that each state print its own money to pay the debt.B:B. He agreed that southern states would pay less than northern states.C:C. He supported a southern location for the nation’s new capital.D:D. He set up a plan for the wealthiest Americans to pay the debt.

An 18th-century Democratic-Republican would most likely object to Alexander Hamilton's proposed plan for which of the following reasons?A.It limits states' ability to control their own economies.B.It unfairly redistributes wealth from the rich to the poor.C.It divides the country into competing factions.D.It allows the national government to go into debt.

According to Hamilton, which part of the Constitution allowed Congress to set up a national bank? A:A. the Full Faith and Credit ClauseB:B. the Elastic ClauseC:C. the Establishment ClauseD:D. the Due Process Clause

Why did Hamilton want to establish a national bank? A:A. to help the government collect taxesB:B. to give the nation a stable currencyC:C. to expand businesses by making loansD:D. all of the above

Which of the following factors most contributed to Alexander Hamilton's proposed strategy outlined in this letter?A.The Democratic-Republican Party's rapidly growing political influence during the late 18th centuryB.Concerns over whether slavery should be allowed to spread into the Northwest TerritoryC.Federal attempts to silence political dissent in anticipation of a war with Great Britain or FranceD.American voters' increasing refusal to support candidates associated with huge political parties

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