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Why did Alexander Hamilton think it was important to pay off government bonds?
Wiki User
∙ 9y ago
First, he wanted to buy up all the bonds issued by the national and state governments before 1789. He planned to sell new bonds to pay off those old depts. When the economy improved, the government would be able to pay off the new bonds. Second, he wanted the national government to pay off depts owed by the states.
Wiki User
∙ 9y ago
Jack Meade
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How did Alexander hamilton plan to handle the national debt?
by selling government bonds to fund the debt
What were Alexander Hamilton view on bonds?
He was in favor of bonds in order to help America's national debt lower
What did Alexander Hamilton think of the federal government?
a small sensitive men who are intellegent---->an elite group
How did Alexander Hamilton propose to handle the nation's finances?
Hamilton called for the creation of a national bank to manage the country's finances.
What were three features of Alexander Hamilton's plan to lower the national debt and strengthen the economy?
1 - The government would buy up all bonds issued by the states and the federal government by 1789.2. - The government would issue new bonds to repay old debts.3. - As the economy improved, the government would pay off the new bonds.
How did Alexander hamilton plan to handle the national debt?
by selling government bonds to fund the debt
What were Alexander Hamilton view on bonds?
He was in favor of bonds in order to help America's national debt lower
What decisions was Alexander Hamilton in charge of?
Alexander Hamilton was the Secretary of the Treasury under President Washington. It was a powerful position and it was the largest department in the new US government. In this capacity, Hamilton laid the foundations for a powerful national economy. Hamilton made decisions concerning funding the debts incurred under the Articles of Federation and preserving the US currency among other decisions such as how the government should pay the holders of government bonds.
What did Alexander Hamilton's plan for financial review focus on?
Alexander Hamilton's plan for financial review focused on financial stability necessary to fight another war should one arise with the foreign threats of Britain and Spain. Hamilton suggested funding the foreign debt by selling government bonds, and further proposed that state debts be assumed by the national government.
What were the three features of Alexander Hamilton's plan to lower the national debt and strengthen the economy?
1 - The government would buy up all bonds issued by the states and the federal government by 1789.2. - The government would issue new bonds to repay old debts.3. - As the economy improved, the government would pay off the new bonds.
What did Alexander Hamilton think of the federal government?
a small sensitive men who are intellegent---->an elite group
How did Alexander Hamilton propose to handle the nation's finances?
Hamilton called for the creation of a national bank to manage the country's finances.
How did hamilton plan to handle the national debt?
by selling government bonds to fund the debt
What were three features of Alexander Hamilton's plan to lower the national debt and strengthen the economy?
1 - The government would buy up all bonds issued by the states and the federal government by 1789.2. - The government would issue new bonds to repay old debts.3. - As the economy improved, the government would pay off the new bonds.
Alexander Hamilton's policy of paying off all federal bonds at face value in order to strengthen the national credit?
Funding at Par
Why did people oppose Alexander Hamilton's plan to pay off Bonds?
Many people thought he was making people rich at the expense of others.
Why did people oppose Alexander Hamilton's plan to pay off the bonds?
Many people thought he was making people rich at the expense of others.
