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Kay [80]
3 years ago
9

Why did Hamilton want to add to the national debt

History
2 answers:
QveST [7]3 years ago
4 0

Answer:

He wanted to to pay off both the federal and states war debt

Explanation:

He suggested that the debt be funded by reissuing bonds to be paid back in full after 15 or 20 years. There for, rather than eliminating the debt, Hamilton's plan created a large, permanent public debt, issuing new bonds as old ones were paid off. Congress approved this proposal shortly afterword.

andrew-mc [135]3 years ago
3 0

Answer: He wanted to borrow money to pay off both the federal and states war debt issue bonds on which the federal government would pay interest to the bondholder providing the new nation with a stronger financial reputation better credibility a country that pays its debts.

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