What was Alexander Hamilton's main reason for insisting that all the nation's debts must be paid in full?

Answer 1

Alexander Hamilton's main reason for insisting that all the nation's debts must be paid in full was to establish the financial credibility and stability of the United States. Hamilton believed that by repaying the debts incurred during the Revolutionary War, the young nation could demonstrate its ability to honor its financial obligations and gain the confidence of foreign investors and creditors. This would ultimately strengthen the country's economic foundation and allow it to attract much-needed capital for future development and growth. Additionally, Hamilton believed that assuming the states' debts would help unify the country by creating a sense of shared responsibility and commitment to the federal government.