Why did Hamilton want the federal government to pay off its entire debt? He did not think it was a large amount of money, and th

Question

nikdorinn [45]

3 years ago

5

Why did Hamilton want the federal government to pay off its entire debt? He did not think it was a large amount of money, and th

e US was wealthy. He wanted to increase confidence in the US government. He wanted an excuse to raise new taxes.

History

2 answers:

kiruha [24] · Answer 1 · 2022-12-05T14:50:37+03:00

kiruha [24]3 years ago

5 0

Answer:

He wanted to increase confidence in the US government.

Explanation:

Akimi4 [234] · Answer 2 · 2022-12-05T12:58:52+03:00

Answer:

He wanted to increase confidence in the US government.

Explanation:

The main reason Alexander Hamilton want the federal government to pay off its entire debt is that "He wanted to increase confidence in the US government."

This is evident in the fact that Hamilton hoped that the wealthy individuals would lend the government financial and political support.

Thereby, abundance would flow around the economy. and there would be an increase in confidence level in the United States government.