Q:

What was the assumption plan

Answer

The Assumption Plan was an arrangement that provided for the federal government to forgive all outstanding state debts.ChaCha!

Categorized In: History

Source: SparkNotes: Thomas Jefferson: Important Terms, People and Events | www.sparknotes.com

Description: The Assumption Plan, arrived at by Jefferson and Alexander Hamilton in 1791, was an arrangement that provided for the federal government to forgive all outstanding state debts in exchange for the relocation of the government seat from Philadelphia to its

Nov 04, 10:19pm

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