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Alexander Hamilton's First Voluntary

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Hamilton’s first financial policies were intended to fund the national debt and to have the federal government assume the debts owed by the states. His main goal was to achieve the finical stability needed to fight another war if one would arise. With the foreign threats of Spain and Britain, as well as the state of power that might diminish national power. Alexander Hamilton’s policy Funding at Par was that the Bank of USA would be paying off all federal bonds at face value in order to strengthen the national credit. American credit abroad was poor and continued to fall every day that the debt was left unpaid. Hamilton suggested funding the debt by selling government bonds, and proposed that state debts be assumed by the national government.

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