It is called "funding at par." That meant that Hamilton, as part of his financial program, would pay the owners of the US Bonds, the face value of the bonds they owned. Many investors had purchased these bonds at way below face value because the original owners had felt they would never receive any money from the government. Hamilton argued that even though some "speculators" would reap hug profits, it would present the US government to the world and to its citizens, as a government that would honor its financial obligations.
what deal helped to win the support for alexander hamilton's debt plan from southern states
Alexander Hamilton had a plan to alleviate the tax burden on the northern states, who were lagging in their debt payments. Hamilton said the Southern states had already reduced their debt at great internal cost.
Yes.
Alexander Hamilton
Jefferson wanted to pay off debt. Hamilton did not. CB
what deal helped to win the support for alexander hamilton's debt plan from southern states
Jefferson wanted to pay off the debt; Hamilton did not.
Jefferson wanted to pay off the debt; Hamilton did not.
Alexander Hamilton had a plan to alleviate the tax burden on the northern states, who were lagging in their debt payments. Hamilton said the Southern states had already reduced their debt at great internal cost.
Alexander Hamilton
Yes.
The intention of Hamilton's initial financial policies was for the federal government to assume the debts the states owed, and fund the national debt. Alexander Hamilton severed as the 1st United States Secretary of the Treasury.
Alexander Hamilton
Jefferson wanted to pay off debt. Hamilton did not. CB
Jefferson wanted to pay off debt. Hamilton did not. CB
Alexander Hamilton
by selling government bonds to fund the debt