Why did Hamilton favor the assumption of state debts by the national government?
A) He recognized that many of the states did not have the economic ability to honor their unpaid debts.
B) He wanted to give the holders of public securities a financial stake in the survival of the national government.
C) He personally stood to make a substantial profit from the assumption plan.
D) He believed that patriots who had helped finance the Revolution deserved to be paid the money owed them.

Question

Quizplus · Accepted Answer

Hamilton believed that by assuming state debts, the national government would strengthen its credit and unify the country, as it would give creditors a vested interest in the success of the federal government.

Why Did Hamilton Favor the Assumption of State Debts by the National