Question

What parts of his financial plan does Hamilton get?

Answer 1

The part of Hamilton's financial plan that he ended up receiving was a National Bank so that the economy would be more regulated and the monetary system would be one consisting of the same bills and coins.

Answer 2

The paramount problem facing Hamilton was a huge national debt. He proposed that the government assume the entire debt of the federal government and the states. His plan was to retire the old depreciated obligations by borrowing new money at a lower interest rate.

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