Hamilton hoped to strengthen the American economy by paying off the national debt. He thought it was very important for America to establish good credit with foreign countries so America would be able to secure loans in the future. His plan called for the issuing of government bonds to help pay the debt. The US would pay the interest on these bonds as they matured. This gave many wealthy people who bought up the bonds direct interest in the success of the new government as success would ensure they'd make profit on their investment. Madison challenged part of this plan. While he eventually agreed it was a good idea to pay off foreign debts, he disagreed with Hamilton's idea of the federal government assuming any remaining state debts. Madison believed this gave way too much power to the federal government and penalized states such as his home state of Virginia, which had already repaid most of their debt. This marked an ideological change for Madison, who to this point had been a supporter of a strong national government.
James Madison,Alexander Hamilton,and John Jay John Jay, James Madison, and Alexander Hamilton
Mostly Alexander Hamilton
John Jay, James Madison, and Alexander Hamilton
Alexander Hamilton's, James Madison's, and John Jay's essays differ because each one of them focuses on a different part of the government for instance Hamilton talks about unions, Madison talks about the separation of government between the states, and Jay talks about the dangers of foreign forces.
The Federalist papers, a group of writings concerning the best form of government the former British colonies could make were not written by Jefferson. Historians credit James Madison, John Jay and Alexander Hamilton as the authors.
James Madison,Alexander Hamilton,and John Jay John Jay, James Madison, and Alexander Hamilton
Mostly Alexander Hamilton
John Jay, James Madison, and Alexander Hamilton
Madison Alexander Hamilton {apex} John Jay James
Alexander Hamilton's, James Madison's, and John Jay's essays differ because each one of them focuses on a different part of the government for instance Hamilton talks about unions, Madison talks about the separation of government between the states, and Jay talks about the dangers of foreign forces.
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The Federalist papers, a group of writings concerning the best form of government the former British colonies could make were not written by Jefferson. Historians credit James Madison, John Jay and Alexander Hamilton as the authors.
Alexander Hamilton or James Madison
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Gouverneur Morris, Daniel Shays, James Madison, Alexander Hamilton
Federalists