Final answer:
Alexander Hamilton's financial plan aimed to address the nation's financial woes by paying the debt and assuming state debts to create loyalty to the national government.
Step-by-step explanation:
Alexander Hamilton's financial plan aimed to address the nation's financial woes by paying the debt and assuming state debts to create loyalty to the national government.
The plan proposed paying the full amount to current holders of government certificates, issuing new securities for annual interest payments, and funding internal improvements and business ventures.
The plan generated controversy, with critics arguing it was an unjust use of federal power and benefited speculators more than the original note-holders.