Name __________________________
Class __________________________
Date __________________________
Teacher ________________________
The New Government Begins (1789 - 1800)
Page |1
Objective: To analyze the importance of Hamilton’s economic plan.
Do Now: After becoming Secretary of the Treasury, Alexander Hamilton faced a nation in
severe debt. Why was the U.S. in such debt?
________________________________________________________________________________
________________________________________________________________________________
________________________________________________________________________________
________________________________________________________________________________
Hamilton and the National Debt
 The U.S. was in ____________.
Foreign debt – money owed to foreign nations such as __________ and _____________
Domestic debt – money owed to _________________ citizens
 The U.S. had ___________________ money from its citizens in order to pay for the
_______________________ War through the sale of ____________________.
 Many citizens thought that the government would never be able to pay back their ______.
Therefore, they sold their ____________ to _______________________ at a loss.
Hamilton’s Economic Plan
Alexander Hamilton wanted to restore people’s faith in the U.S. economy by doing the
following:
 ____________ back all federal and state _________________
 combine all ____________ and _______________ debts into one huge
_________________ debt
Southerners such as James ____________ hated this plan because:
 most Southern states had already ____________ their debts
 most _______________, who became rich, lived in the _________
Alexander
Hamilton,
first
Secretary of
the
Treasury
(above and
left)
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Page |2
Hamilton’s Compromise
The ____________
The ____________
agreed to…
agreed to…
…allow the
_________________
…move the
__________________ of
government to take
over the ____________
of the
___________________
the U.S. to the
________________.
(________________, ______)
states.
© 2012 History Made Easy, LLC. All rights reserved. Visit us at www.MrBerlin.com