Hamilton drew the economic plan to cease and raise the downfall of the American economy by imposing taxes which was to bail out the northerners, which was strongly opposed. Yes, because they did not want to bail the northerners out.
Explanation:
The plan given by the Alexander Hamilton appointed by George Washington, was the first step of the economic growth and a very bold step, where the federal government was asked to pay all the debt of the state or the confederation debts.
The payment to be made was based on security bonds and imposing taxes. The impose of taxes was wondered in the mind of the southerners to help bail out the northerners.
This concept threatened the southerners thinking that the urban northeastern people and the wealthy people and the speculators would only be benefited with northerners mostly being merchants and so opposed. But later, was supported by the President proved successful.
