Alexander Hamilton's plan for paying off both national and state debts was to:

a) Use money already in the U. S. Treasury

b) buy up old bonds and then sell new ones

c) tax the population

d) tax imports

Question

Social Studies

Pamela Ballard

10 December, 06:28

Alexander Hamilton's plan for paying off both national and state debts was to:

a) Use money already in the U. S. Treasury

b) buy up old bonds and then sell new ones

c) tax the population

d) tax imports

+1

Answers (2)

Know the Answer?

Wally · Answer 1

B.) buy up old bonds and then sell new ones

Aedan · Answer 2

B) buy up old bonds and then sell new ones

Hamilton proposed that the federal Treasury take over and pay off all the debt that states had incurred to pay for the American Revolution. The Treasury would issue bonds that rich people would buy, thereby giving the rich a tangible stake in the success of the national government.

Alexander Hamilton's plan for paying off both national and state debts was to:a) Use money already in the U. S. Treasuryb) buy up old bonds and then sell new onesc) tax the populationd) tax imports

Alexander Hamilton's plan for paying off both national and state debts was to:

a) Use money already in the U. S. Treasury

b) buy up old bonds and then sell new ones

c) tax the population

d) tax imports