Question

What was alexander hamilton's main reason for insisting that all the nations debts must be paid in full?a. So the country could borrow in the future b. So the country would be seen as a world leaderc. Because many citizens needed the moneyd. Because the nation had a moral obligation to do sothis is connexus/connections academy. Help??

Answer 1

The country could barrow in the future was Alexander Hamilton's main reason for insisting that all the nation's debt must be paid in full. He believed it will allow the state to barrow in future at affordable interest rates and would also be a stimulant to the economy.He also argued if loan is not paid, it would cause people to loose faith in the credit and integrity of the struggling government and destroy the new constitution and finally it would be difficult for the revolution and nation to survive.