Answer;
the federal government assumed state debts.
The capital got moved from NYC to VA.
Called the compromise of 1790
During the early 1800s, America was a young nation whose political and economic structure was not as strong as it is today. As a result America had to face crop, insuarance and banking failures together with drops in the price of the cotton and the stock market and a crisis of credit and cash. It brought what was known as the economic panics.
It created new jobs, expanded available farming land, and more
