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Domestic Policy

Jefferson–Hamilton–Madison dinner yields the Assumption–Residence compromise

On May 29, 1790, Thomas Jefferson hosted a dinner at which he, Alexander Hamilton, and James Madison forged a political compromise: southern support for federal assumption of state debts in exchange for locating the national capital on the Potomac River.

Jefferson–Hamilton–Madison dinner yields the Assumption–Residence compromise

The agreement cleared the path for congressional approval of Hamilton's assumption plan and the future capital site, resolving a major fiscal and regional dispute and shaping the young republic's financial credibility and political geography.

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