Question
5. Deseribe the different perspectives of llamilton's financial plan in the graphic organizer below. 6. Where and why was the capital relocated?
Ask by Potter Murray. in the United States
Jan 25,2025
Real Tutor Solution
Tutor-Verified Answer
Answer
### 5. **Different Perspectives on Hamilton's Financial Plan**
Alexander Hamilton's financial plan was viewed differently by various groups:
- **Federalists:** Supported it, seeing it as a way to strengthen the federal government and promote economic growth.
- **Democratic-Republicans:** Opposed it, fearing it favored northern interests and expanded federal power.
- **State Governments:** Had mixed feelings, benefiting from debt assumption but resenting increased federal influence.
- **Merchants and Financiers:** Generally supported it for its economic benefits.
- **Farmers and Agrarians:** Skeptical, concerned it favored industry over agriculture.
### 6. **Relocation of the Capital**
**Where:** From Philadelphia, Pennsylvania, to Washington, D.C.
**Why:** To balance regional interests, symbolize national unity, and establish a neutral, federal-controlled center for the government.
Solution
### 5. **Different Perspectives of Hamilton's Financial Plan**
Alexander Hamilton's financial plan elicited various viewpoints from different stakeholders in the early United States. Below are the key perspectives:
| **Stakeholder** | **Perspective on Hamilton's Plan** |
|--------------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| **Federalists** | **Supportive** of the plan as it strengthened the federal government, established financial stability, and promoted economic growth. They believed in a strong central government to manage national debt and foster commerce. |
| **Democratic-Republicans** | **Opposed** the plan, particularly the assumption of state debts and the creation of a national bank. Leaders like Thomas Jefferson and James Madison feared it favored northern commercial interests over agrarian southern states and expanded federal power beyond the Constitution’s limits. |
| **State Governments** | **Mixed Reactions**: Some states benefited from the federal assumption of their debts, while others resented the increased federal influence over their finances. |
| **Merchants and Financiers** | **Generally Supportive** as the plan promoted a stable national currency, facilitated credit, and encouraged industrial and commercial growth, benefiting those engaged in trade and finance. |
| **Farmers and Agrarians** | **Skeptical or Opposed** because they were concerned that the plan favored industrial and commercial interests over agriculture, and feared increased taxes and centralized power could disadvantage rural economies. |
### 6. **Relocation of the Capital: Where and Why?**
**Where Was the Capital Relocated?**
The capital of the United States was relocated from **Philadelphia, Pennsylvania**, to a new, purpose-built city named **Washington, D.C.**
**Why Was the Capital Relocated?**
Several reasons motivated the relocation:
1. **Compromise Between North and South:** The move was part of a political compromise to appease both northern and southern states following disputes such as those over the capital’s location. Establishing a new, neutral location helped balance regional interests.
2. **Strategic Location:** Washington, D.C., is situated along the Potomac River, providing a strategic position between the northern states and the southern states like Virginia and Maryland. This central location was intended to unify the nation geographically and symbolically.
3. **Symbol of National Unity:** Building a new capital was seen as a way to create a distinct national identity separate from existing state capitals. It was meant to embody the ideals of the United States and serve as a unifying symbol for the young nation.
4. **Economic and Developmental Goals:** The creation of a new capital spurred infrastructure development and economic growth in the surrounding areas, promoting westward expansion and investment in the federal district.
5. **Federal Control:** Establishing the capital in a federally controlled district, rather than within any existing state, ensured that the seat of government remained neutral and free from potential state influence or favoritism.
Overall, the relocation aimed to foster national unity, balance regional interests, and establish a permanent, symbolically significant center for the federal government.
Reviewed and approved by the UpStudy tutoring team
Like
error msg
Explain 
Simplify this solution Extra Insights
Alexander Hamilton’s financial plan was a game changer in the early years of the United States. Some viewed it as a catalyst for economic growth and stability, believing it would help establish credit and consolidate the nation’s debt under federal control. Critics, however, saw it as favoring wealthy Northern elites at the expense of Southern agrarians, creating tension between the regions and leading to debates about federal power versus states’ rights. The capital was relocated from Philadelphia to Washington, D.C., primarily as a political compromise to gain Southern support for Hamilton’s financial plan. Southern leaders were uneasy about the concentration of power in the North and sought a more neutral ground that would symbolize unity and fairness. This move also ingrained a sense of national identity into the fledgling government, as Washington, D.C., was established specifically to serve as the nation’s capital.
