Why Did Hamilton Favor the Assumption of State Debts by the National

question 75

Multiple Choice

Why did Hamilton favor the assumption of state debts by the national government?

• A) He recognized that many of the states did not have the economic ability to honor their unpaid debts.
• B) He wanted to give the holders of public securities a financial stake in the survival of the national government.
• C) He personally stood to make a substantial profit from the assumption plan.
• D) He believed that patriots who had helped finance the Revolution deserved to be paid the money owed them.