Question

Describe economic problems the New Republic faced and solutions President George Washington & Alexander Hamilton came up with to fix the problems.

Answer 1

Answer:The revolution led to America incurring much debt, Hamilton proposed the government clearing off this debts at phase value

Explanation:

One of the major problems on the table of President George Washington was how to deal with the economic effect that the revolution created. George Washington appointment Alexander Hamilton who came up with tackling first the public credit because the government had incurred much debt due to the revolution, He issued the federal government to pay off all debts at phase value to enhance the legitimacy of a new central government.