Question

How did Alexander Hamilton plan to pay off the national debt? (1 point)

Answer 1

Alexander Hamilton planned to pay off the national debt by creating a centralized banking system and implementing a series of economic policies. He proposed the assumption of state debts by the federal government, the issuance of new federal bonds to replace the old ones, and the establishment of a national bank to manage the country's finances. Hamilton also advocated for tariffs and internal taxes to generate revenue and support debt payments.