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?
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: