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Ad libitum [116K]
3 years ago
7

What economic problem did the young nation face and how did Alexander Hamilton propose to solve it

History
1 answer:
aksik [14]3 years ago
7 0

Alexander Hamilton was elected by George Wasington as Treasury secretary, his goal was to<u> improve the solvency of the new nation</u>, which was not very good because both the states and Congress were indebted for the war of the revolution.

To solve the situation, <u>Hamilton suggested that the federal government assume the debt of the states</u> for which he founded the first central bank in the United States with the ability to mint money.

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