Alexander hamilton’s debt plan consolidated the nation’s war debts into one debt to be paid off

Alexander Hamilton’s debt plan consolidated the nation’s war debts into one debt to be paid off by National Government.

Explanation:

America suffered huge war debts after the american revolution and the debts to be paid off were not considered seriously. At this juncture, Hamilton took a clever move and asked the federal government to pay off the state debts and hence issued securities and bonds to investors who purchased it and earned profits. They gave the profits to the central government and thus the war debts were minimized. He also proposed a new charter fro the Bank of America.

He of course was making reforms on the basis of being pro-british but he made efforts in making the american economy develop by issuing a stable paper currency.  He also took measures to encourage the mercantile economy and motivated the indigenous manufacturers to produce the goods locally instead of relying on imports of goods with huge tariffs.