1. Founding Brothers
The Republicans, under Jefferson and Madison, believed that individual rights are imperative to the success of the union rather than a strong federal government. ... The topic of assumption of state debts by the federal government illustrates the broader argument of federalism versus republicanism, and has continued as an American economic disagreement many years after the American Revolution. ... Alexander Hamilton, a passionate Federalist, proposed to Congress in January 1790 that the federal government assume all of the state debts, therefore allowing the money to be paid back more efficien...
- Word Count: 1518
- Approx Pages: 6
- Grade Level: Undergraduate