Question

Alexander Hamilton’s debt plan consolidated the nation’s Revolutionary

War debts into one debt to be paid off by

(A) American merchants

(B) the individual states

(C) the national government

(D) newly discovered gold deposits in the West

(E) foreign investors

Answer 1

Alexander Hamilton’s debt plan consolidated the nation’s Revolutionary
War debts into one debt to be paid off by "(C) the national government," since he believed that this was the only way to develop full faith and credit in the US economy.