Why did the southern states vote for Hamilton's plan to assume state debts?

Answer 1

Hamilton's plan called for lots of federal government to be enacted. This would weeken their trading profits with Britain. Also, Hamilton called for tariffs on imports to protect the 'infant' factories in the north which brought in money for the Government but deeply hurt the southern states because they had to pay a much higher price for machinery.

Answer 2

Southern States were willing to vote for Alexander Hamilton's plan because it represented a desired compromise for them. In exchange for their approval of the method of paying off the debt, Hamilton agreed to move the nation's capital from Philadelphia to a spot along the Potomac River in Virginia.

Answer 3

The purpose of having the Government assume the debts of the States was to show the citizens and the world, that the US Government was going to be economically sound and because the states had fought for every state's independence from Britain, not just their individual state. Southern States opposed the plan because by the time of Washington's inauguration, the Southern States had already paid off their debts.

Answer 4

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