8-1.3 Hamilton's Economic Plan slides

Multiple Choice

Why did Hamilton suggest the war debts of each state be taken over by the federal government?

• To increase government power over the country's financial affairs.

• To increase state taxes and reduce federal power.
• To prevent the federal government from gaining too much control.
• To allow states to manage their own debts independently.

Open Ended

How did the personal feud between Jefferson and Hamilton affect President Washington?

Multiple Choice

Why did Thomas Jefferson oppose the creation of a National Bank?

• It would favor agriculture

• It would give unlimited power to the federal government

• It would reduce state power

• It would increase taxes

Multiple Choice

What were the main concerns of Thomas Jefferson and other antifederalists regarding the National Bank?

• It would favor agriculture over business

• It would give too much power to the federal government

• It would reduce the nation's credit

• It would increase taxes significantly