How did Hamilton propose we handle the $54 million the federal government owed?

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asked Jan 20, 2024 183k views

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JoshuaTree · Answer 1 · 2024-01-22T07:31:55+0000

Answer:

He proposed that the government assume the entire debt of the federal government and the states. His plan was to retire the old depreciated obligations by borrowing new money at a lower interest rate.

Explanation:

How did Hamilton propose we handle the $54 million the federal government owed?

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