MAKING OF A NEW NATION 1776 1800
THOMAS JEFFERSON
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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A national bank issued currency and made loans to private businesses.
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The states had to depend on the national government to repay the money they owed from the Revolution.
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People who made loans to their state during the war would support the national government because it was repaying those loans.
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All of these are true.
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Detailed explanation-1: -Hamilton wanted the federal government to have greater power than state governments. A strong federal government, he argued, was needed to increase commerce. It would also be able to restrain mob violence like that of the Whiskey Rebellion.
Detailed explanation-2: -Hamilton’s debt program was a remarkable success. By demonstrating Americans’ willingness to repay their debts, he made the United States attractive to foreign investors. European investment capital poured into the new nation in large amounts.
Detailed explanation-3: -Hamilton was a strong supporter of a powerful central or federal government. Federalist, followers of Hamilton, supported a strong central government, a loose interpretation of the Constitution, a bank of United States, and revenue tariffs.