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Why did Hamilton want to add to the national debt

1 Answer

1 vote

Answer:

He wanted to to pay off both the federal and states war debt

Step-by-step explanation:

He suggested that the debt be funded by reissuing bonds to be paid back in full after 15 or 20 years. There for, rather than eliminating the debt, Hamilton's plan created a large, permanent public debt, issuing new bonds as old ones were paid off. Congress approved this proposal shortly afterword.

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User Sheikh Rahat Ali
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