Which of the following people proposed that Congress assume outstanding state debts?
A. Thomas Jefferson
B. Patrick Henry
C. Alexander Hamilton
Answer (2)
Alexander Hamilton proposed that Congress assume outstanding state debts to stabilize the nation's economy and strengthen the federal government. This significant financial strategy faced opposition from leading figures like Thomas Jefferson and Patrick Henry. Ultimately, the proposal was crucial for establishing a robust financial system in the early United States.
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Alexander Hamilton proposed that Congress assume the outstanding state debts to stabilize the economy of the early United States. His plan was aimed at improving the financial credibility of the nation and faced opposition from key figures like Thomas Jefferson and Patrick Henry. This action played a significant role in the establishment of a stronger central government and financial system. ;
