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Hamilton's Contribution To The Confederacy Era Debt

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A publicly funded debt contributed to national government stability. Previously, the treasury must not deal with Confederacy Era debt, although Hamilton suggested Congress to redeem fifty-five million dollars to foreign banks, soldiers, and contractors. The Republican ideology regarding debt was that America must pay it off and that states are responsible for their own actions. However, Hamilton’s response to the debt was to fund it, rather than paying it all off. He believed that debt is good, which was a contrast to the Republican ideology. A publicly funded debt connects states and individuals closer to the government and gives it a reason to continue functioning for the people. Furthermore, It allows individuals to become budget conscious

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