Question

What were three of the reasons there was opposition to Hamilton's plan?

Answer 1

Answer:

Opposition to Hamilton's financial policies spread beyond the cabinet. The legislature divided about whether or not to support the Bank of the United States. This split in Congress loomed as a potential threat to the union because northern representatives overwhelmingly voted favorably, while southerners were strongly opposed. Alexander Hamilton was Secretary of the Treasury under President George Washington. In that role, he devised a financial plan that he claimed would put the new nation on a sound financial footing. The plan had two main features. The first was federal "assumption" of state debts. During the Revolutionary War, each state had amassed considerable debt, and though some had actually retired their debts, many others had not.

Explanation:

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