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hamilton and national debt
Title: hamilton and national debt
Category: History
Details: Words: 812 | Pages: 3.5 (approximately 235 words/page)
hamilton and national debt
1) Hamilton's "plan was to shape the fiscal policies. . . . to favor wealthier groups." Why was this his intention? What were the liabilities in this approach?
Hamilton wanted the fiscal policies to favor the higher classes because he felt these wealthy groups would lend the government money and would gain support from the important higher social groups. He believed that it would help give the federal form of government respect and confidence in society.
The liabilities in …showed first 75 words of 812 total…
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…showed last 75 words of 812 total…reserved to the states, or to the people." The power to run a national bank was not one of the powers delegated to the United States by the Constitution. This was written straight out and it is easily seen that it says that the US cannot just make a bank without the consent of the people. This is why Jefferson was a strict constructionist. Unlike Hamilton, his Amendment he was following was a sure thing.
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