Which group was most likely to oppose Hamilton’s financial plan, fearing it favored urban elites over rural interests?
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Correct answer: Western and Southern farmers
Farmers, particularly in the South and West, viewed the plan as a redistribution of wealth toward Northern speculators and urban elites. They feared a strong central government would infringe on states' rights and agrarian lifestyles.
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More Hamilton's Financial Plan questions
- Hamilton proposed that the First Bank of the United States be structured as a:
- How did Hamilton plan to generate the revenue necessary to pay interest on the national debt?
- Thomas Jefferson’s primary objection to the National Bank was based on the belief that:
- Which of the following was a primary function of the First Bank of the United States?
- What was Hamilton’s view on the 'public debt' of the United States?
- The Whiskey Rebellion of 1794 was significant because it demonstrated: