Why Did Opponents Criticize Hamilton's Assumption Program

question 9

Multiple Choice

Why did opponents criticize Hamilton's assumption program?

• A) It rewarded states like Massachusetts, which had sloppy financial systems, for nonpayment of debt.
• B) It proposed a lengthy and unrealistic policy of repaying the original holders of the debt.
• C) Only the poor would profit from the program, disadvantaging the rich and creating larger economic issues.
• D) The program was disproportionately favorable to the South.
• E) The program could lead to the establishment of a monarchy.

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