Question

Many historians believe that in order to gain the support of the south in 1790 for his controversial financial plans, alexander hamilton offered to:

Answer 1

Answer:

Locate the national capital in Virginia

Explanation:

Answer 2

Answer:

In order to gain support from the south for his economic plan in 1790, Alexander Hamilton offered to relocate the Capital of the united states to the Virginia and Marylan border.

Explanation:

First of all, we have to understand the situation. Alexander hamilton proposed that the Federal government would pay for the Confederation states debt that they acquired during the war. However, to do that, he created government bonds that would be sold to the public to gather the money required to pay the debts. Also to establish a central bank to manage the edbt payment process, make the conomy dynamic and secure it with paper currency. This proposal was opposed by the southerners who believed that by doing that and stablishing the central bank in the north only industrialized northerners would benefit from it. So Jefferson joined by Madison proposed the move of the capital of the united states to the south and they agreed to do it. That way southerners would acquire power and political influence to not be superated by industrialized northern.