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Outcomes of Alexander Hamilton's Financial Plan
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#1 Paying off all War Debt
Created Problems between NORTHERN SOUTHERN States States Vs.
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#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.
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#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)
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#2 Raising Government Revenues
Would raise Money for the Government by using : TARIFFS - Tax on an imported good
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#2 Raising Government Revenues
This Method would: Create a form of income for the government Created an increase demand for American made goods
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#3 Creation of a National Bank
Thomas Jefferson Alexander Hamilton
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#3 Creation of a National Bank
Loose or Flexible Strict or Narrow Elastic Constitution Says Necessary & Proper
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