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. This aspect was integral to his vision of creating a strong federal government and a robust economy through the assumption of state debts and the establishment of a national bank.
What did Alexander Hamilton believe was one of the benefits of his plan regarding the national debt?
(1 point)
Responses
The plan would redistribute wealth from northerners to southerners.
The plan would redistribute wealth from northerners to southerners.
The plan would generate political support from rural farmers.
The plan would generate political support from rural farmers.
The plan would increase the nation's ability to lend money to other countries.
The plan would increase the nation's ability to lend money to other countries.
The plan would enrich investors and promote new businesses.
1 answer
1 answer