1. Alexander Hamilton and Government Debt
... and said that he hoped the revenue from tariffs and the issuance of new bonds would increase revenue. Hamilton wanted banks holding bonds to use bank notes to create a better money supply. Many were opposed to most of Hamilton's ideas, mainly from the southern states. The south felt that they had ... same way as the northern states (Edling). The second part of Hamilton's report was to include the individual states debt as a part of the federal government's debt. The landowners weren't in favor of this because they thought the value of land would increase if the value of bonds did, which w...
- Word Count: 1019
- Approx Pages: 4
- Has Bibliography
- Grade Level: High School