Final answer:
James Madison's plan was centered around addressing the issues he saw with Alexander Hamilton's financial plan. He pushed for greater equity in handling the debt and wanted to ensure that states would not have to pay more than their fair share. Despite his efforts, Hamilton's plan was ultimately supported by Congress.
Step-by-step explanation:
James Madison's plan was largely centered around addressing the issues he saw with Alexander Hamilton's financial plan. Madison objected to Hamilton's plan because he felt it would benefit speculators at the expense of the nation's veterans and poor soldiers. Madison pushed for greater equity in handling the domestic debt and wanted to ensure that states would not have to pay more than their fair share. Ultimately, although Madison made an impassioned plea to protect the veterans' interests, Hamilton's plan was supported by Congress.