Alexander Hamilton proposed paying the entire national debt at its face value in order to:

Awin the support of the congressmen who had speculated in government certificates
Breimburse only the original holders of certificates who still possessed them
Ckeep to a minimum the amount of money paid by the government
Drestore the nation's economic credit so that the government could raise money in the future

If my memory serves me well, correct answer should look like this: Alexander Hamilton proposed paying the entire national debt at its face value in order to D. restore the nation's economic credit so that the government could raise money in the future

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jamuuj jamuuj · Answer 2 · 2018-10-15T03:16:52-04:00

Answer

Restore the nation's economic credit so that the government could raise money in the future

Explanation

Alexander Hamilton was an American statesman and one of the Founding Fathers of the United States. He introduced a debt assumption ACT. Debt Assumption was a US financial policy executed under the Funding Act of 1790. Hamilton debts assumption was a policy of assumption, Debt assumption is a special form of debt refinancing, involving three parties the creditor, the original debtor, and a new debtor who assumes the debt obligation. Hamilton argued, required expanded federal taxation, including a tariff and an excise tax on whiskey.

Hamilton faced a huge national debt. To pay the debt He proposed that the government assume the entire debt of the federal government and the states. His plan was to retire the old depreciated obligations by borrowing new money at a lower interest rate.