Question

Hamilton believed that, together, his funding and assumption programs would A) gain the monetary and political support of the rich for the federal government. B) restore the principles of state sovereignty. C) be the quickest way to pay off the national debt. D) guarantee the fairest treatment of the original holders of government bonds. E) keep taxes low and therefore create a feeling of loyalty to the new federal government

Answer 1

Answer:

A) gain the monetary and political support of the rich for the federal government.

Explanation:

Hamilton theory was based on supporting the upper class of the citizens. This was to support government as the upper class would do business or great level, and that these citizens when will be given money for there business as debt to be paid back to government, will work harder and will help achieve the economy its targets.

This entire scheme/ strategy will help the federal government to gain success, and achieve a state of better financial viability in the entire economy.

With more opportunities and efforts the economy will better off automatically.