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  • 04-03-2021
  • Social Studies
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Why does Hamilton need votes to get the federal government to assume the debts of the states?

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Аноним Аноним
  • 04-03-2021

Answer:

Hamilton proposed that the federal Treasury take over and pay off all the debt that states had incurred to pay for the American Revolution. The Treasury would issue bonds that rich people would buy, thereby giving the rich a tangible stake in the success of the national government.

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