Many States Opposed Federal Assumption of State Debts Because

question 14

Multiple Choice

Many states opposed federal assumption of state debts because

• A)most northern states had already paid their debts and saw the assumption plan as a southern plot to increase their power.
• B)the debt was so high that paying it would bankrupt the nation.
• C)most of the money would go to western states that had not been fiscally responsible during the war.
• D)it would be easier to repudiate the entire debt and start with "a clean slate."
• E)most southern states had already paid their debts and did not want to pay off the debts of others.

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