Outcomes of Alexander Hamilton's Financial Plan

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Presentation transcript:

Outcomes of Alexander Hamilton's Financial Plan

#1 Paying off all War Debt Created Problems between NORTHERN SOUTHERN States States Vs.

#1 Paying off all War Debt CAUSE of the Conflict: Many Southern States had already paid their debt and were now being asked to pay off the debt of the North.

#1 Paying off all War Debt EFFECT of the Conflict: The South would pay the debt, but the Nations capitol would be moved from NYC, further south to Virginia (Washington D.C)

#2 Raising Government Revenues Would raise Money for the Government by using : TARIFFS - Tax on an imported good

#2 Raising Government Revenues This Method would: Create a form of income for the government Created an increase demand for American made goods

#3 Creation of a National Bank Thomas Jefferson Alexander Hamilton

#3 Creation of a National Bank Loose or Flexible Strict or Narrow Elastic Constitution Says Necessary & Proper