Alexander Hamilton's main argument that the present system of government under the Articles of Confederation was too weak revolved around the fact that this government could not tax the individual states--meaning that the US couldn't repay it war debt, which would have greatly hurt its credit rating.
<span>During this period, US factories produced half of the worlds industrial goods.</span>
Bonanza farms were huge farms that were owned by companies. This ownership allowed the farms to have more access to funds. Land could be cheaply purchased at the time which led to them gaining more and more acreage. Often, these companies would buy land that was close to railways. This would make the shipping of goods more accessible and contributed to their great profits.
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The empire stretched from modern-day Syria in the north to modern-day Sudan.
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Most of the people living in Colonial America lived and worked on a farm. Although there would eventually be large plantations where the owners became wealthy growing cash crops, life for the average farmer was very hard work. They had to work hard all year long just to survive.
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