In regard to state debts, Hamilton proposed that:

Name: In regard to state debts, Hamilton proposed that:
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Hamilton proposed that the federal government take over state debts in order to establish the creditworthiness of the new government, and also to create a stronger financial bond between the states and the federal government. This plan, known as assumption, was opposed by some states that had already paid off their debts, but ultimately passed Congress in 1790.

In Regard to State Debts, Hamilton Proposed That