What was the purpose of Treasury Secretary Alexander Hamilton\'s plan, Report on

Question

What was the purpose of Treasury Secretary Alexander Hamilton's plan, Report on Public Credit in 1790? a. It was a Justfcation of why the new natonal government had to passa pesonal income tax rather than s secuntses and coveng both prinipal an o b. It was a justfication for why the new national government should NOT assume state debts. 3 c. It was to ensure that wealthy merchants, who held the public debt, would be linked to the govermment's long-term security by assuming state debts an d. It was a justification for why the new national oovernment had to defauit on its financial debts. Hide Feedback Incorrect

Explanation / Answer

Answer is option c)

Hamilton sought to "tie the creditors to the new central government"  by linking their financial fortunes to the success of economic nationalism.

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