Partisan Conflicts A series of issues and events raised conflicts between the Federalists and th
What Happened?
Federalist View
Assumption of
State Debts
(1789-1790)
States had borrowed money to
pay for the revolution. Now
they were deeply in debt.
Alexander Hamilton prop
that the federal governm
assume states' debt. That
establish good credit an
empower the national
government.
The Bank of the
United States
(1791)
A national bank would (1) issue
a national currency, (2) hold
government funds, and (3)
issue credit.
Alexander Hamilton propose
bank, seeking to put the yo
nation on sound financial foc
What conclusion can be drawn from the information in the table?