APUSH debate memorization

Topic sentence

Washingtons economic policies set the new nation up for future success, rebuilding a country burdened by heavy revolutionary war debt

Ev1

National Bank

Ev1 Answer

My first piece of evidence is the national bank. The national bank helped create a stable national currency and manage the governments money

Ev1 define

A national bank is a bank that manages government funds, handles taxes, and helps keep the nations money stable

Ev1 explain

Washington signed it into law after alexander Hamilton proposed the idea. It made it easier for the government to manage money. borrow funds, support businesses, and it improved trade. All this lead to the growth of the economy.

Ev2

Debt assumption and credit

Ev2 Answer

My second piece of evidence is debt assumption and credit. Washington supported Hamilton’s plan for the federal government to take responsibility for state debts.

Ev2 define

Debt assumption is when the federal government takes over debts owed by individual states, and creditworthiness is the ability to borrow money and repay it.

ev2 explain

By supporting this plan, Washington helped the United States build trust with other countries, that made it easier to borrow from foreign countries and investors, strengthened the economy, and gave the government more financial stability.

National bank benefitted the north more than the south

The National Bank may have helped the North more, but the whole country benefited from a stable currency. Southern farmers and plantation owners also gained, because it made trading and exporting their goods easier

It was unfair for the federal government to take over the states’ debts.

Some people may argue that it was unfair, but the plan helped the United States build trust with other countries. That trust made it easier for the nation to borrow money, which it needed to recover from the war.