The New Government Begins (1789 - 1800) – Lesson 4

Objective: To analyze the importance of Hamilton’s economic plan.

Do Now: After becoming Secretary of the Treasury, Alexander Hamilton faced a nation in severe debt. Why was the U.S. in such debt?

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Hamilton and the National Debt

        Foreign debt – money owed to foreign nations such as __________ and _____________

        Domestic debt – money owed to _________________ citizens

Hamilton’s Economic Plan

Alexander Hamilton wanted to restore people’s faith in the U.S. economy by doing the following:

Southerners such as James ____________ hated this plan because: