Many Americans opposed Hamilton's proposal to have the national government assume debts owed by the states because: states that had already paid a large proportion of their debt would have to help pay the debts of other states all of the above the Republicans feared that the national government would get too bureaucratic most congressmen did not want speculators to gain profits from the scheme

Question

Many Americans opposed Hamilton's proposal to have the national government assume debts owed by the states because: states that had already paid a large proportion of their debt would have to help pay the debts of other states all of the above the Republicans feared that the national government would get too bureaucratic most congressmen did not want speculators to gain profits from the scheme

Answer 1

Many Americans opposed Hamilton's proposal to have the national government assume debts owed by the states primarily because states that had already paid a large proportion of their debt would have to help pay the debts of other states. This was seen as unfair by those states that had been fiscally responsible and had already settled much of their debt.

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