Question

.According to Hamilton, why is it essential that the new Republic establish public credit?

Answer 1

To pay these debts, Hamilton proposed that the federal government sell bonds—federal interest-bearing notes—to the public. ... Hamilton designed his “Report on Public Credit” (later called “First Report on Public Credit”) to ensure the survival of the new and shaky American republic.

Answer 2

Answer:

Hamilton deemed it essential to be the support of those to whom it owed money : the wealthy, domestic credit class as well as foreign creditors