- Bill of Right adopted by Congress and then ratified by states in 1791 mexander Hamilton - Federalist \& first Secretary of the Treasury in Washington's Cabinet - Said war dept was a national responsibility to be paid by all states, since all benefited - Called for national assumption of states' debts - This also built a sense of American - Controversy: Most debt was held by - sharing it didn't seem fair to the illton and the Mational Bank
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Bonus Knowledge
Did you know that the Bill of Rights was introduced to address the concerns of Anti-Federalists who feared that a strong central government would infringe upon individual liberties? This first ten amendments to the Constitution were crucial in securing support for ratification and were a monumental step toward ensuring personal freedoms such as speech, assembly, and religion! In the real world, the principles behind Hamilton's financial programs still resonate today. The idea of federal debt being a shared responsibility can be seen in modern discussions about national budgets and fiscal policy. For instance, the U.S. government regularly engages in debates about balancing state and federal responsibilities, much like Hamilton's vision of a united economic front. Isn’t it fascinating how history shapes our current financial discussions?