Why did Alexander Hamilton as Washington's first secretary of the treasury, advocate the creation of a permanent national debt and a national bank?

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Susie Q

History

3 June, 03:10

Why did Alexander Hamilton as Washington's first secretary of the treasury, advocate the creation of a permanent national debt and a national bank?

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Answers (2)

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Nikolas · Answer 1

I agree completely.

Alessandra · Answer 2

As Secretary of the Treasury, Alexander Hamilton's first objective was to bolster the national credit. Alexander Hamilton believed that a limited national debt was beneficial gain the monetary and political support of the rich for the federal government.