C) the agrarian states of Maryland and Virginia Â
The shift of the Nationâs capital from New York to Pennsylvania formed one of the  most important points of Alexander Hamiltonâs financial policies, where he was asked to draw a plan for âadequate support of public creditâ, and he utilized this opportunity to draw up a political and economic program to integrate the nationâs finances under the control of a strong central Federal Government. He outlined his policies in a report called âReports on the Public Creditâ where he stated his intentions of assuming âthe funding of national debtâ in full value, by which he insisted on repayment of the debts of states incurred in the Revolutionary Wars by the Federal Government.
Further Explanation-
The financial policies of Alexander Hamilton and the transfer of capital from New York to Philadelphia formed the main tenets of the compromise of 1790. Hamiltonâs financial plans were focused on integrating national credit, and extending national control over the financial resources of the states. This resulted in a political deadlock within the Congress, where the leaders of the Southern States wanted to achieve the shift of national capital within the Southern districts, in return for the compromise of political and financial freedom, however, this was rejected by the Northern Congressmen, to shift the national capital on the Virginia- Maryland border. Hamilton and the House of Representatives member James Madison approached the Secretary of State Thomas Jefferson to resolve the deadlock, which was formulated in the approval of the Assumption Act, and the Residence Act. Thus, the political ambitions of Hamilton, Madison, and Jefferson were significantly realized, with the establishment of the basic structure of public credit, and the shifting of the capital to the agrarian demographic centers of Virginia and Maryland.
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Answer Details-
Grade- High School Â
Chapter- The United States in the 18th century
Subject- History Â
Keywords-
The shift of capital, public credit, demographic centers, federal control, regional autonomy, political deadlock.