Question

During Alexander Hamilton’s time as secretary of the treasury in 1790, the federal government...

1. was paying back its loans.
2. had only the money it had printed.
3. easily borrowed large sums of money.
4. had trouble borrowing money to pay its bills.

Answer 1

Your answer would be 4. The federal government had trouble borrowing money to pay its bills

Answer 2

The correct answer is number 4. Had trouble borrowing money to pay its bills.

During Alexander Hamilton’s time as a Secretary of the Treasury in 1790, the federal government had trouble borrowing money to pay its bills.

When he was Secretary of the Treasury, Hamilton helped to design the structure of the Department because he was the first Secretary of the Treasury. One of the functions of the Department was to collec public revenue and to develop the economy of the nation. Due to the important debts resulted from the Revolutionary war, during his time leading this Department in 1790, the federal government had trouble borrowing money to pay its bills.