1. Hamilton's critics claimed that his scheme would provide enormous profits to speculators who had bought bonds from Revolutionary War veterans for as little as 10 or 15 cents on the dollar. For six months, a bitter debate raged in Congress, until James Madison and Thomas Jefferson engineered a compromise.
2. Southerners opposed this plan because many of the Southern states had already paid off their war debts.
<span>They were nearly worthless by this time. With the numerous different types of money in circulation at the time and the valuation of this money at some 2.5% (1/40) their face value, the idea of having paper money was almost useless to the early American citizen.</span>
The Spanish American war was a belic conflict that begun in 1898 and involved Spain (including Cuba and the Philippines) and the United States. The Leaders involved were:
From Spain:
- Queen Maria Cristina of Austria (regent)
- Admiral Pascual Cervera, who commanded the Spanish Caribbean fleet in Cuba
- Praxedes Mateo Sagasta, Patricio Montojo, Pascual Cervera, Asenio Linares, Manuel Macías, Ramón Blanco, Antero Rubín, Valeriano Weyler (Spanish army)
- Máximo Gómez, Calixto García, Demetri Castillo (Cuba)
- Emilio Aguinaldo, Apolinario Mabini (in Philippines)
From the US:
- Commodore George Dewey, U.S. naval squadron; he destroyed the spanish fleet in Manila, Philippines.
- General Willian Shafter,
- President William McKinley
- Nelson A. Miles
- William T. Sampson
what is this supposed to mean exact?
