Question

What did Alexander Hamilton believe was one of the benefits of his plan regarding the national debt?


A.
The plan would enrich investors and promote new businesses.


B.
The plan would generate political support from rural farmers.


C.
The plan would redistribute wealth from northerners to southerners.


D.
The plan would increase the nation's ability to lend money to other countries.

Answer 1

A. The plan would enrich investors and promote new businesses.

Alexander Hamilton believed that by assuming the national debt and restoring the credit of the United States, his plan would attract investment, which in turn would promote economic growth and create a more vibrant national economy.