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andrew11 [14]
3 years ago
13

Two parts to Hamilton’s plan to repay the national and state debt

History
1 answer:
balu736 [363]3 years ago
6 0
Hamilton suggested two things in his "Report on the National Credit of 1790". He advised on paying off the entire national debt in full and assuming all existing state debt. He argued that any other action would cause citizens to lose faith in the government's integrity. To pay for his proposal, Hamilton called for a tax on whiskey and a tariff on imported goods. 
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