Why did Virginia oppose having the federal government assume the state's war debt as proposed by Secretary of the Treasury Hamilton?
A) Virginians were against close ties between state and federal governments.
B) This plan would force the state of Virginia into bankruptcy.
C) Virginia already paid its own debts.
D) Virginians did not want to pay for the bad decisions of New Yorkers.

Question

Quizplus · Accepted Answer

Virginia had already paid off its debts and thus opposed Hamilton's plan because it would mean Virginians would have to contribute to paying off the debts of other states, effectively penalizing them for their fiscal responsibility.

Why Did Virginia Oppose Having the Federal Government Assume the State's