
Chapter 6 Section 2: Hamilton and Finances
Flashcard
•
English, History
•
8th Grade
•
Practice Problem
•
Hard
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1.
FLASHCARD QUESTION
Front
Who believed that the states and the people should be stronger and hold more power?
Back
Thomas Jefferson
2.
FLASHCARD QUESTION
Front
What was Alexander Hamilton's greatest challenge as secretary of the Treasury?
Back
Paying off or reducing the national debt
3.
FLASHCARD QUESTION
Front
How much money did the United States owe after the Revolutionary War?
Back
$25 Million
4.
FLASHCARD QUESTION
Front
Why was the capital of the United States moved from New York?
Back
To satisfy the South's feeling that it was too far up North; they felt its Northern location was unfair.
5.
FLASHCARD QUESTION
Front
What was Hamilton's central idea for creating a national bank?
Back
He wanted the government to have a place to safely deposit its money.
6.
FLASHCARD QUESTION
Front
What economic system did Alexander Hamilton advocate for?
Back
A strong central government with a focus on industry and commerce.
7.
FLASHCARD QUESTION
Front
What was the purpose of Hamilton's financial plan?
Back
To stabilize the American economy and establish credit.
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