USA HISTORY

Detailed explanation-1: -The Compromise of 1790 was a compromise between Alexander Hamilton, Thomas Jefferson, and James Madison, where Hamilton won the decision for the national government to take over and pay the state debts, and Jefferson and Madison obtained the national capital, the called the District of Columbia, for the South.

Detailed explanation-2: -James Madison led the opposition. Madison argued that Hamilton’s plan would reward speculators. A speculator is someone who invests in a risky venture in the hope of making a large profit. During the Revolution, the government had issued bonds to soldiers and citizens who supplied goods.

Detailed explanation-3: -Hamilton, a Federalist, wanted the Federal Government to hold the bulk of the political and economic power; Madison and Jefferson, Republicans, wanted that power to remain with the states.