How did Alexander Hamilton plan to handle the national debt?

Question

A.
by using cash reserves to pay down the debt

B.
by selling government bonds to fund the debt

C.
by reducing taxes to help the economy

D.
by creating a national bank to oversee the debt

Answer 1

Alexander Hamilton planned to handle the national debt primarily through D. by creating a national bank to oversee the debt. He implemented a financial system that included the establishment of the First Bank of the United States, which aimed to stabilize and improve the nation's credit and to facilitate the handling of government finances, including the management of the national debt. Additionally, he proposed using government bonds as a means of funding the debt.