183k views
3 votes
How did Hamilton propose we handle the $54 million the federal government owed?

User Huacanacha
by
7.9k points

2 Answers

6 votes

Answer:

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.

Explanation:

User JoshuaTree
by
8.0k points
6 votes

Answer: by paying off both federal and state debts.

User Moink
by
9.0k points