National Bank

In order to get his financial program through Congress in 1790, Alexander Hamilton made a deal to move the nation's capital from:

• New York to Trenton to Philadelphia

• New York to Washington DC

• Philadelphia to Washington, DC

Why was Thomas Jefferson against Alexander Hamilton's National Bank plan

• He did not like the increase in taxes the National Bank would bring

• He thought the National bank would give the states too much power

• He believed it was unconstitutional

Which of the following is true of Alexander Hamilton's financial plan.

• The Federal Government would create a Bank of the United States

• The Federal Government would not assume the debt of each of the states

• Hamilton did not want any taxes on the population

Alexander Hamilton held which public office?

• President

• Secretary of the Interior

• Secretary of the Treasury

One benefit of the National Bank was?

• Make Loans to only foreign countries

• Give money away to citizens

• Issue its own money.

The main source of revenue ($) for the government under Hamilton's economic plan was

• income tax

• state taxes

• tariff on imported goods

Why were Southern states angered by Hamilton's plan to assume (pay off) war debt?

• They wanted a lot of money going to northern debt

• they owed less war debt than Northern states

Which of the following did Alexander Hamilton support?

• Establishing the nation's capital in Philadelphia

• Declaring tariffs illegal

• Federal government paying state debt