Antifederalists opposed Alexander Hamilton's plan primarily because they felt it put too much power into the hands of the wealthy. They were concerned that Hamilton’s financial policies, including the assumption of state debts and the establishment of a national bank, would favor elites and create a financial system that benefited the wealthy at the expense of ordinary citizens. Additionally, they were worried about the potential for a strong central government to infringe upon individual liberties and state powers, which was a significant concern for them. Thus, while there were multiple reasons for their opposition, the primary focus on the concentration of power among the wealthy was a key factor.
Why did Antifederalists oppose Alexander Hamilton's plan?
They felt it threatened individual freedoms.
They felt it threatened federal unity.
They felt it gave too much power to the individual states.
They felt it put too much power into the hands of the wealthy.
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