Founding Brothers

In chapter 2, What was the economic status of the fledging United States?

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It wan't very good.. Hamilton admitted that his financial plan for the nation had reached a Congressional stalemate, mostly because Southern congressmen opposed the proposed assumption of state debt by the federal government. The opposing faction was led by James Madison of Virginia, a longtime associate of Jefferson’s.

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http://www.gradesaver.com/founding-brothers/study-guide/section3/