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Westkost [7]
3 years ago
7

How did Hamilton's debts and baking plans work?

History
1 answer:
stepladder [879]3 years ago
7 0

Answer:

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. ... Hamilton's next objective was to create a Bank of the United States, modeled after the Bank of England.

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