Hamiltons Financial Plan
... In this position it was his responsibility to concentrate on the financial affairs of the United States. Hamilton’s solution to the nation’s fiscal problems was proposing a financial plan in which the states debts would be assumed by the nation, the government could acquire funds, a single currency could be created, the Bank of the United States could be built, government bonds could be issued and home industries are encouraged. Thomas Jefferson, appointed Secretary of State, opposed Hamilton’s plan believing that it was unconstitutional because it went against the tenth amendment and that the plan was too focused on the wealthy which goes against the “all men are created equal” concept by giving the wealthy land owners the opportunity to run the country.