Answer:
Explanation:
The Compromise in Washington’s cabinet was a compromise between Alexander Hamilton and Thomas Jefferson with James Madison.
This was a compromise within his cabinet and congressional leaders over debt in which Alexander Hamilton wanted to absorb all of the state's debt following the American Revolution to create a new American economic system, this stand leads to critics in Washington’s cabinet where States like Maryland, Pennsylvania, North Carolina, and Virginia who had already paid off the debts and they didn't want to be taxed to pay off debts for other states like Massachusetts and South Carolina who hasn't paid their debts.
However, Hamilton won the decision for the national government to take over and pay the state debts and compromise was that in exchange for southern votes, Hamilton promised to support locating the national capital in Washington D.C, in that Jefferson and Madison obtained the national capital (District of Columbia) for the South.
The compromise help things accomplish in Washington’s cabinet in which United States attracted many foreign investors because of their willingness effort to repay their debts and the resolved the deadlock in congress.
Answer:
The compromise made possible the passage of the Residence and Funding (Assumption) Acts in July and August 1790
Explanation:
The Compromise which is often referred to as Compromise of 1790, was a compromise between Alexander Hamilton - United States Secretary of Treasury, Thomas Jefferson - United States Secretary of State and James Madison - a Congressman.
The result of the Compromise is that Hamilton was able to get the decision in favour of the national government to take over and pay the state debts, while Jefferson and Madison also got their request to have the national capital (District of Columbia) for the South.
The compromise accomplished or resolved the following:
1. The impasse in Congress. Where the Southerners were blocking the assumption of state debts by the treasury, thus destroying the Hamiltonian program for building a fiscally strong federal government.
2. Also, Northerners rejected the proposal, which was heavily supported by Virginians, to locate the permanent national capital on the Virginia–Maryland border.
However, the aftermath of the compromise brought about the passage of the Residence and Funding (Assumption) Acts in July and August 1790
