How did Alexander Hamilton plan to pay off the national debt? (1 point) Responses by creating a population tax by creating a population tax by printing new currency by printing new currency by taxing imports by taxing imports by increasing exports.

Answer 1

Alexander Hamilton planned to pay off the national debt primarily by taxing imports, which included implementing tariffs. He believed that this would not only help to generate revenue for the federal government but also protect American industries. Hamilton also proposed the federal government assume state debts and pay them off through a combination of measures, including taxes and the establishment of a national bank to help manage the nation's finances.