In the 1790s,Treasury Secretary Alexander Hamilton made a series of decisions that helped the United States develop a modern financial system.These decisions included
A) the Continental Congress being forced to stop payments on its bonds.
B) the federal government taking responsibility for paying off bonds issued by the Continental Congress and state governments.
C) the request that state governments stop payments on its bonds.
D) the new federal government's agreement to default of bonds held by Europeans.

Question

Quizplus · Accepted Answer

Choice B is the correct answer as it accurately states that one of Alexander Hamilton's decisions was for the federal government to take responsibility for paying off bonds issued by the Continental Congress and state governments. This decision helped to establish the creditworthiness of the federal government and laid the foundation for a modern financial system in the United States. The other choices are incorrect as they do not accurately reflect Hamilton's actions during the 1790s.

In the 1790s,Treasury Secretary Alexander Hamilton Made a Series of Decisions