Question

Why did Hamilton want the federal government to pay off its entire debt? He did not think it was a large amount of money, and the US was wealthy. He wanted to increase confidence in the US government. He wanted an excuse to raise new taxes.

Answer 1

He wanted to increase confidence in the US government.

Step-by-step explanation:

Answer 2

He wanted to increase confidence in the US government.

Step-by-step explanation:

The main reason Alexander Hamilton want the federal government to pay off its entire debt is that "He wanted to increase confidence in the US government."

This is evident in the fact that Hamilton hoped that the wealthy individuals would lend the government financial and political support.

Thereby, abundance would flow around the economy. and there would be an increase in confidence level in the United States government.