Following the Revolutionary War, the United States had a debt of $54 million dolars, plus the $25 million debt taken by the states. Hamilton's debt plan was to nationalize and settle that money with Treasury bonds.
The debt plan combined and transferred the entire country's war debt to be paid off by the national authority. Hamilton´s ultimate goal for this plan was to strengthen the national commercial and political power.
In 1854, the Missouri Compromise was repealed by the Kansas-Nebraska Act. Three years later the Missouri Compromise was declared unconstitutional by the Supreme Court in the Dred Scott decision, which ruled that Congress did not have the authority to prohibit slavery in the territories.
