Alexander Hamilton believed that one of the benefits of his plan regarding the national debt was that the plan would enrich investors and promote new businesses. By assuming state debts and creating a national debt, Hamilton aimed to establish a strong credit system that would help foster economic growth and attract investments, ultimately promoting the development of new businesses.
What did Alexander Hamilton believe was one of the benefits of his plan regarding the national debt?
The plan would generate political support from rural farmers.
The plan would enrich investors and promote new businesses.
The plan would increase the nation's ability to lend money to other countries.
The plan would redistribute wealth from northerners to southerners.
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