His plan was to retire the old depreciated obligations by borrowing new money at a lower interest rate. |
The first part of Hamilton's plan involved federal “assumption” of state debts, which were mostly left over from the Revolutionary War. The federal government ... |
Hamilton proposed that the government assume the entire debt of the federal government and the states. His plan was to borrow new money at a lower interest rate ... |
Hamilton suggested that the United States look at debt not as a problem, but as an asset. He proposed to fund the debt through a gradual schedule of dependable ... |
In his "Report on Public Credit," Hamilton proposed that the government assume the entire indebtedness of both the federal government and the states, and retire ... |
Hamilton's Financial Plan was a series of measures proposed by Alexander Hamilton in the late 18th century aimed at stabilizing and improving the financial ... |
On April 29, 1816, Congress enacted “An Act for the relief of Elizabeth Hamilton,” which allowed her “five years' full pay for the services of her deceased ... |
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