Alexander Hamilton planned to handle the national debt primarily by creating a national bank to oversee the debt. He believed establishing a national bank would help manage the debt effectively, provide a stable currency, and secure the nation's financial order. Additionally, he proposed that the federal government assume the debts incurred by the states during the Revolutionary War, thereby consolidating various debts into one national debt and strengthening the federal government’s financial position. While he did implement various financial strategies, including the issuance of government bonds, the creation of a national bank was central to his plan.
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How did Alexander Hamilton plan to handle the national debt?
by reducing taxes to help the economy
by selling government bonds to fund the debt
by using cash reserves to pay down the debt
by creating a national bank to oversee the debt
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