Secretary of the Treasury Alexander Hamilton proposed his first Report on Public Credit in 1790. He suggested the federal government redeem at face value the millions of dollars in securities issued by the Confederation. Hamilton's plan called for the government to pay off the noteholders with newly issued government securities covering both principal and accumulated unpaid interest. This would then create a permanent national debt.
Why did Alexander Hamilton want to create a permanent national debt?
A.
to help out struggling state governments
B.
to enhance the government's credit
C.
to assist the French and British
D.
to create a national bank
Answers: 2
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Ahistorian has discovered a letter written by an early roman emperor. she translates the letter and discovers that it contains orders to a general before a battle. she works to determine when the letter was written to figure out which battle the letter references.the historian in the passage is most clearly demonstrating which historical thinking skill? a. identifying causes and historical contextb. thinking chronologicallyc. making and evaluating arguments and interpretationsd. analyzing historical sources
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Secretary of the Treasury Alexander Hamilton proposed his first Report on Public Credit in 1790. He...
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