How did Alexander Hamilton get the nation out of debt?

Answer 1

He proposed a three part financial plan to Congress in 1790 to improve the nation's finances: 1.) Pay off all war debts 2.) Raise government revenues 3.) Create a national bank

Answer 2

Alexander Hamilton implemented a plan to address the nation's debt in three main ways. First, he consolidated all of the states' debts into one national debt, increasing the federal government's creditworthiness. Second, he proposed the creation of a national bank to manage the country's finances and stabilize the economy. Lastly, Hamilton advocated for the imposition of tariffs and excise taxes to generate revenue and pay down the debt. Collectively, these actions played a pivotal role in getting the nation out of debt.