Question

Hamilton proposed paying the entire national debt at its face value in order to:

Answer 1

The program that Alexander Hamilton designed to pay for national debt was he proposed that the government assume the entire debt of the federal government and the states. His plan was to retire the old depreciated obligations by borrowing new money at a lower interest rate

Answer 2

Hey Austyn! I can tell you're a history expert! ;-)

Hamilton proposed paying the entire national debt value at its face value because he did not want interest payments on the debt to accrue, which would add to the overall debt (as is done wantonly today).

They also say he did it because he wanted to restore the nation's economic credit so that the government could raise money in the future.

Those are the two answers I'm getting in right now in all the websites I am researching. I would go with the second one...

Answer 3

Lol! thanks huys :P

Answer 4

omg. guys * :D

Answer 5

yeah im not 100% on my answer i used google lol

Answer 6

lol. it was right, both. :)

Answer 7

Awesome. :D