How did Alexander hamilton plan to deal with the national debt?

Answer 1

Hamilton actually was for the creation of the National Bank and the Idea that the country need to go into debt to survive. He wanted to basically "print money". He would be opposed greatly by Thomas Jefferson who believed that the Constitution did not give the government the right to create a national bank. Hamilton's influence eventually led to the creation of the bank through a concept that the government has "implied powers" not expressly given by the Constitution.

Answer 2

by selling government bonds to fund the debt

Answer 3

The nation's debt at the time amounted to $75 million. Hamilton proposed that the national government pay all debts, both national and state, in full. He also created the Bank of the United States and taxation was established to run the government and pay the debt.

Answer 4

Alexander Hamilton actually planned to increase the national debt. He wanted to establish credit with other countries to improve relations with them.

novanet-developing a strong commercial and industrial economy

Answer 5

Alexander Hamilton created a national bank and had it assume all war debts. The bank was run by the national government. He also made each state assume its own debt and he also created the tax system to generate revenue.

Answer 6

Hamilton actually was for the creation of the National Bank and the Idea that the country need to go into debt to survive. He wanted to basically "print money". He would be opposed greatly by Thomas Jefferson who believed that the Constitution did not give the government the right to create a national bank. Hamilton's influence eventually led to the creation of the bank through a concept that the government has "implied powers" not expressly given by the Constitution.

Answer 7

Alexander Hamilton's plan for restructuring the nation's debt included selling government bonds and assuming state debts. He also advocated selling western land to pay off debt to European nations in order to rebuild credit.