MAKING OF A NEW NATION 1776 1800
THOMAS JEFFERSON
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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How did Alexander Hamilton deal with the nation’s financial problems?
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He asked the states to help pay off the nation’s war debts.
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He asked Congress to put a tax on imported foreign goods
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He tried to borrow money from foreign countries.
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He decided not to repay the loans that other nations had made to the United States.
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Explanation:
Detailed explanation-1: -Hamilton replied that the United States must repay its debts in full. Otherwise, he said, it risked losing the trust of investors in the future. The support of investors, he argued, was crucial to building the new nation’s economy. After much debate, Congress approved full repayment of the national debt.
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