asked 59.8k views
5 votes
How did Hamilton convince Congress to approve of his idea to assume state debt?

asked
User Janpeter
by
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1 Answer

2 votes

Answer:

He proposed to fund the debt through a gradual schedule of dependable tax resources, assume state debts as a measure of good policy, and generate new revenue through western land sales and taxes on luxuries—notably, booze.

answered
User Manoj Kadolkar
by
7.0k points
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