Alexander Hamilton's plan for paying off both national and state debts was to:

a) Use money already in the U. S. Treasury

b) buy up old bonds and then sell new ones

c) tax the population

d) tax imports

Question

Social Studies

Baby Boo

16 October, 03:16

Alexander Hamilton's plan for paying off both national and state debts was to:

a) Use money already in the U. S. Treasury

b) buy up old bonds and then sell new ones

c) tax the population

d) tax imports

+5

Answers (2)

Know the Answer?

Marlie Macias · Answer 1

B.) buy up old bonds and then sell new ones

Amara Greene · Answer 2

B) buy up old bonds and then sell new ones

Hamilton proposed that the federal Treasury take over and pay off all the debt that states had incurred to pay for the American Revolution. The Treasury would issue bonds that rich people would buy, thereby giving the rich a tangible stake in the success of the national government.

Alexander Hamilton's plan for paying off both national and state debts was to:a) Use money already in the U. S. Treasuryb) buy up old bonds and then sell new onesc) tax the populationd) tax imports

Alexander Hamilton's plan for paying off both national and state debts was to:

a) Use money already in the U. S. Treasury

b) buy up old bonds and then sell new ones

c) tax the population

d) tax imports