What Problems Confronted Alexander Hamilton When He First Took the Office

Question

Examlex · Accepted Answer

The Answer is Answer would ideally include:
Debt: First,Hamilton was confronted with the problem of the national debt,which amounted to over $52 million owed to foreign and domestic creditors.Hamilton wanted to deal with this issue in a way that funded the debt and also made the country creditworthy.He also wanted to encourage the growth of national industry to broaden the U.S.manufacturing base and decrease dependence on European goods.
Opponents: Hamilton faced great opposition to his plans from people like James Madison and Thomas Jefferson,who favored agricultural development and wished to place limits on economic speculation,excessive taxation,and the influence of bankers over the economy.

What Problems Confronted Alexander Hamilton When He First Took the Office

Definitions: