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Hamilton also urged congress to pay of states taxes, which totaled up to $21.5 million. Both of these actions would provide public confidence in the small Treasury department. Hamilton would have the debt be paid off using high tariffs and excises taxes. The Tariffs would allow the north to get rich at the south’s expense. The northern states had huge amounts of war debt, while the southern states already paid off the majority of their debt so the people in the south already opposed Hamilton.
Hamilton proposed a Bank of the United States; the bank would have the ability to print paper currency...
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