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Alexander Hamilton drafted his First Report on the Public Credit to outline a plan for eliminating the national debt. He did this at the request of Congress in order to pay of the debt and establish national credit.
Wiki User
∙ 9y ago
Wiki User
∙ 10y agoHis most controversial proposal was imposing a sales tax on whiskey.
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How did Alexander Hamilton want the government to take over war debts of the states and pay for this debt?
taxing goods bought from foreign nations.
Why did Alexander Hamilton propose paying the entire national debt at it's face value?
To restore the nation's economic credit so that the government could raise money in the future.
Following the Spanish-American War nations in the Caribbean and Central America were deeply in debt to?
European nations
How did thomas jeffersons view of the national debt differ from that of Alexander Hamilton?
Jefferson wanted to pay off debt. Hamilton did not. CB
Did Alexander Hamilton want National Debt?
Yes.
How did Alexander Hamilton propose to deal with the problem of 12 million of debt the US borrowed from the foreign nations during the revolutionary war?
issue new bonds and guarantee payment
How did Hamilton propose to repay the national debt and what the response of the opposition?
Hamilton proposed an excise tax to repay the national debt by setting up a national bank. The opposition was that taxing was giving the federal government too much power and a National Bank was unconstitutional.
How can you erase debt?
pay it.
How did hamilton propose to repay?
Hamilton proposed an excise tax to repay the national debt by setting up a national bank. The opposition was that taxing was giving the federal government too much power and a National Bank was unconstitutional.
How did Alexander Hamilton want the government to take over war debts of the states and pay for this debt?
taxing goods bought from foreign nations.
Why did Alexander Hamilton propose paying the entire national debt at it's face value?
To restore the nation's economic credit so that the government could raise money in the future.
Following the Spanish-American War nations in the Caribbean and Central America were deeply in debt to?
European nations
How did thomas Jefferson view of the national debt from that of Alexander hamilton?
Jefferson wanted to pay off the debt; Hamilton did not.
How did Thomas Jefferson's view of the national debt from that of Alexander Hamilton?
Jefferson wanted to pay off the debt; Hamilton did not.
What was Hamilton's plan to get the nation out of debt was?
Hamilton wanted to create a national bank, use manufacturing to fund the national debt.
Why did nations form alliances with other nations?
they probably owed them debt or helped them out of debt.
How did Thomas Jeffersons view of the national debt different from that of Alexander Hamilton?
Jefferson wanted to pay off debt. Hamilton did not. CB
