What Was Hamilton's Financial Plan

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The Bank of the United States was a necessity that our nation could not do without because it created a national currency, created new money through borrowing, and expanded the national economy. The bank would be the capstone of Alexander Hamilton 's financial plan. His plan was for the states debts and federal debts all be assumed by the federal government under the impression that it would bring the states closer to the national government. The willingness of the American people to repay their debts drew the attention of foreign investors. While the first part of Hamilton 's financial plan was successful, many people were still opposed to the idea. Thomas Jefferson and James Madison claimed that a national bank was unconstitutional
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