Hamilton’s Financial Plan T-Chart (p. 76)
Economic Problems
National debt – foreign and domestic debt
(bondholders)
States’ debts
Weak national economy
Hamilton’s Proposed Solutions
Take on the foreign and domestic debt by
replacing creditors’ old, low-value bonds
with new, interest-bearing bonds. This
would build confidence in the stability of
the United States.
Take over most of the states’ $25 million
Revolutionary War debts. This would free
up state money for business and trade
Enact a tariff to bring in money and help
American manufacturers.
Create a national bank and a national
mint.
Illustrated Comparison Chart (p. 77)
For each issue, BREIFLY describe each side’s view. Then, provide an illustration that
symbolizes that side’s view.
Alexander Hamilton
Thomas Jefferson
Pay full value of bonds
p. 238-239
Pass higher tariffs
p. 241
Create a national bank
p. 241-242