Question
Why did some southern states disagree with Hamilton's plan for paying off the money that states owed after the Revolutionary War?
It would allow speculators to make too large a profit.
It would decrease business and trade and hurt the economy.
It cheated bondholders who sold their bonds at low prices.
It was unfair to states that did not have many debts.
It would allow speculators to make too large a profit.
It would decrease business and trade and hurt the economy.
It cheated bondholders who sold their bonds at low prices.
It was unfair to states that did not have many debts.
Answers
GPT-4o mini
Some southern states disagreed with Hamilton's plan for paying off the money that states owed after the Revolutionary War primarily because **it was unfair to states that did not have many debts**. Southern states had lower levels of debt compared to northern states, and they felt that Hamilton's proposal to assume state debts at the federal level would disproportionately benefit the northern states, which had borrowed heavily during the war. This created resentment and concerns about equity among the states, leading to tensions in the early years of the United States regarding fiscal policy and representation.