The United States
One of his first objectives was to strengthen national credit. In this vein, he
Hamilton insisted that
I know the basics, but I suspect many finance people could answer this one better
than I can.
Answer means the federal government would pay off its debt at face value, plus accumulated interest.
A summary of Washington Strengthens the Nation: 1789–1792 in History SparkNotes's The Constitution (1781–1815). Learn exactly what happened in this ...
He had a complex financial plan which consisted of five major components:
The debt would be
... Congress to “fund” the entire national debt “at par” and to assume completely
the debts incurred by the states during the recent war;