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Question
identify the reasons why alexander hamilton wanted the u.s. government to assume the debts of the states after the american revolution. a assuming states debt would prove the federal government was credible, thus creating more confidence and stability. b assuming states debt was a tradition started by the british government, and was expected to carry on in the new republic. c assuming states debt was a plan adopted by the first congress to strengthen the power of the federal government over the states. d assuming states debt was a plan adopted in the constitutional convention to strengthen the power of the federal government over the states.
Alexander Hamilton wanted the U.S. government to assume state - debts to establish the federal government's credibility. This would create more confidence in the new nation's financial system and stability, which was crucial for economic growth and international standing.
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A. Assuming state's debt would prove the federal government was credible, thus creating more confidence and stability.