1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
storchak [24]
3 years ago
5

why did hamilton believe that paying off the states wartime debts was important for the future of the nation

History
1 answer:
Genrish500 [490]3 years ago
4 0


Today, the national debt that Hamilton began with a bank loan of $19,608.81 is the largest single entry on any set of books in the world. The federal government pays $19,608.81 in interest on its current debt every 2.4 seconds.

What would Hamilton think of his creation today? He would surely be impressed with its sheer size, although he would note that relative to the American GDP, about $14 trillion, it is "not excessive." But he would, I suspect, not be happy with what borrowed money is being used for. Hamilton saw the debt as a powerful means of fighting wars, building infrastructure, and getting through economic bad times. For the last 30 years and more, however, the national debt has been increasingly used so that no one in Washington ever has to say no to anyone.

You might be interested in
The term superman or supermen was developed by
dexar [7]

<span>The term superman or superman was developed by writer Jerry Siegel and artist Joe Shuster in the year 1933. The character was then sold to Detective Comics, Inc. (known today as DC Comics) in the year 1938. Today, Superman is an icon in the American culture because it helped create superhero genres and American comic books. </span>

6 0
3 years ago
What was one action that was taken by the First Continental Congress?
Yakvenalex [24]

The one action that was taken by the First Continental Congress was the forming of The Association or Continental Association to enforce a boycott of all contact with British goods.

The delegates hoped that Britain would cancel its Intolerable Acts by reversing the economic sanctions that was place on the colonist.

4 0
3 years ago
Read 2 more answers
Which event launched a period of rapid industrialization and Westernization in Japan during the 19th century?
Dmitrij [34]
The event was the Meiji Restoration  was the event launched a period of rapid industrialisation and Westernisation in Japan during the 19th Century. This brought back traditional Japanese rule and led to modernisation.

:)<span />
5 0
3 years ago
Read 2 more answers
How did western powers gain greater trading rights with china?
Verdich [7]
Western powers began to make unequal treaties with China...
6 0
3 years ago
. Copernicus and galileo made significant contributions in what field?
Solnce55 [7]
They both excelled in the field of astronomy <span />
6 0
3 years ago
Other questions:
  • What causes were most important to eleanor roosevelt?
    9·1 answer
  • How does culture spread from one place to another give an example of each of three types of cultural diffusion explain your answ
    6·2 answers
  • What reason did jefferson give to justify revolt by the colonists
    12·1 answer
  • Did slave traders typically sell families as a single group.
    9·1 answer
  • Should the United States have entered World War II before the bombing of Pearl Harbor?
    13·1 answer
  • Approximately how many immigrants came to the U.S. between 1830 and 1840?
    9·2 answers
  • In the 1800s and important push factor for new immigrant’s was
    9·1 answer
  • How did Frances's writing promote racial equality?
    9·1 answer
  • 1. Ano ang kahalagahan ng media ang ipinakita ng ang nanay ay bumili ng sabon. A. pagkilos B. pang-aliw C. panghikayat D. pang-i
    9·1 answer
  • Did prohibition help for the better or worse and why
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!