Question

Hamilton proposed paying the entire national debt at its face value in order to what

Answer 1

Hamilton proposed to pay the entire national economic 'debt' at its 'face value' to restore the economic credit of the nation. This in turn would help the nation raise money in the future.

EXPLANATION:

Hamilton was an "American statesman" and one of the founder fathers of America. Hamilton wanted to make sure that the government did not face any economic crisis and was able to raise money for its functioning and so paid the entire national debt.

Answer 2

Explanation:

• Alexander Hamilton suggested paying the “entire national debt” value to restore the financial credit of the nation.

• Alexander Hamilton introduced an ACT debt hypothesis under the 1790 Funding Act as a monetary policy of the “United States”.
• And he is the one of funding father of the “United States”.
• He suggested that the state assume all of the "federal governments and states" debt to cover the debt.
• His aim was to withdraw the ancient depreciated bonds by borrowing fresh cash at reduced interest rates.