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Svetradugi [14.3K]
3 years ago
10

What was Hamilton's view on reducing the national debt?

Social Studies
1 answer:
Stolb23 [73]3 years ago
7 0

Answer:

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.

Explanation:

It's a old answer of mine

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