How was Alexander hamilton able to change the national debt from a weakness to a strength?

Answer 1

Alexander Hamilton transformed the national debt from a perceived weakness into a strength by proposing a plan to assume state debts and consolidate them under federal responsibility. He argued that a strong national debt would foster credibility and trust in the U.S. government, encouraging investment and economic growth. Hamilton established the Bank of the United States, which facilitated the management of the debt and promoted a stable currency. His strategies ultimately helped solidify the federal government’s financial foundation and established the U.S. as a reliable borrower.