What was hamiltons position on the purchase of louisiana

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Esteban Fry

Social Studies

23 July, 19:23

What was hamiltons position on the purchase of louisiana

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Dayami · Answer 1

Alexander Hamilton's economic and financial systems established top-rated credit for the United States, which led Napoleon to offer the Louisiana Purchase to the United States.

Explanation:

At the time, the United States was concerned about France's control of the mouth of the Mississippi and the possibility of disrupting the flow of future commerce of the United States. Thomas Jefferson, through his diplomatic team in Paris, had earlier proposed acquiring New Orleans and small tracts of land on both sides of the banks of the Mississippi from France for six million dollars.

Napoleon would have made this offer to any sitting U. S. President. It was not significant that it was President Jefferson. If George Washington or John Adams were President, it also would have been offered and accepted.

The important element in this deal was that Napoleon needed money and the United States had developed the financial credit established by Hamilton that was necessary for the deal.