194k views
1 vote
Why did Hamilton want to add to the national debt

1 Answer

1 vote

Answer:

He wanted to to pay off both the federal and states war debt

Step-by-step explanation:

He suggested that the debt be funded by reissuing bonds to be paid back in full after 15 or 20 years. There for, rather than eliminating the debt, Hamilton's plan created a large, permanent public debt, issuing new bonds as old ones were paid off. Congress approved this proposal shortly afterword.

User Sheikh Rahat Ali
by
7.5k points

No related questions found

Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.