Paying off the national debt
Many farmers and soldiers had sold their bonds to speculators at greatly reduced prices, and if the national debt was paid off at full value, the speculators would reap the benefits, while the original bond holders would lose out. Alexander Hamilton was a proponent of paying the debt off at full value.
The reason that he proposed a tariff was to assist in paying off the national debt that had been created due to the war.
Alexander Hamilton
Yes.
restore the nation's economic credit so that the government could raise money in the future.
restore the nation's economic credit so that the government could raise money in the future.
Alexander Hamilton
to pay off national debt
by selling government bonds to fund the debt
To restore the nation's economic credit so that the government could raise money in the future.
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