Compromise of 1790 | Wikipedia audio article
Channel: wikipedia tts
Date: 18/01/2019

This is an audio version of the Wikipedia Article:
https://en.wikipedia.org/wiki/Compromise_of_1790


00:00:59 1 Meeting
00:03:45 2 The assumption issue
00:05:15 3 Organizers
00:05:40 4 In popular culture
00:06:02 5 See also



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Speaking Rate: 0.9657701799176255
Voice name: en-US-Wavenet-F


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- Socrates


SUMMARY
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The Compromise of 1790 was a compromise between Alexander Hamilton and Thomas Jefferson with James Madison wherein Hamilton won the decision for the national government to take over and pay the state debts, while Jefferson and Madison obtained the national capital (District of Columbia) for the South. The compromise resolved the deadlock in Congress. Southerners were blocking the assumption of state debts by the treasury, thereby destroying the Hamiltonian program for building a fiscally strong national state. Northerners rejected the proposal, much desired by Virginians, to locate the permanent national capital on the Virginia-Maryland border. The compromise made possible the passage of the Residence and Funding (Assumption) Acts in July and August 1790. According to historian Jacob Cooke, it is "generally regarded as one of the most important bargains in American history, ranking just below the better known Missouri Compromise and the Compromise of 1850."