Respuesta :
He agreed to move it from New York city to Philidelphia, as that was where more people were and was one of the main centers of the revolution.
C) the agrarian states of Maryland and Virginia
The shift of the Nation’s capital from New York to Pennsylvania formed one of the most important points of Alexander Hamilton’s financial policies, where he was asked to draw a plan for ‘adequate support of public credit’, and he utilized this opportunity to draw up a political and economic program to integrate the nation’s finances under the control of a strong central Federal Government. He outlined his policies in a report called ‘Reports on the Public Credit’ where he stated his intentions of assuming ‘the funding of national debt’ in full value, by which he insisted on repayment of the debts of states incurred in the Revolutionary Wars by the Federal Government.
Further Explanation-
The financial policies of Alexander Hamilton and the transfer of capital from New York to Philadelphia formed the main tenets of the compromise of 1790. Hamilton’s financial plans were focused on integrating national credit, and extending national control over the financial resources of the states. This resulted in a political deadlock within the Congress, where the leaders of the Southern States wanted to achieve the shift of national capital within the Southern districts, in return for the compromise of political and financial freedom, however, this was rejected by the Northern Congressmen, to shift the national capital on the Virginia- Maryland border. Hamilton and the House of Representatives member James Madison approached the Secretary of State Thomas Jefferson to resolve the deadlock, which was formulated in the approval of the Assumption Act, and the Residence Act. Thus, the political ambitions of Hamilton, Madison, and Jefferson were significantly realized, with the establishment of the basic structure of public credit, and the shifting of the capital to the agrarian demographic centers of Virginia and Maryland.
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Answer Details-
Grade- High School
Chapter- The United States in the 18th century
Subject- History
Keywords-
The shift of capital, public credit, demographic centers, federal control, regional autonomy, political deadlock.
