Answered: . According to Hamilton, why is it…

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. According to Hamilton, why is it essential that the new Republic establish public credit?

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Question

1. According to Hamilton, why is it essential that the new Republic establish public credit?

2. What benefits does Hamilton believe that individual citizens of the United States will accrue as a result of the establishment of such credit? What examples does he give?

3. How does Hamilton propose paying off the previous debts? What problems could arise from this, especially in paying back loans with grants of land?

4. What items does Hamilton propose raising or enacting new duties or taxes on? How does this anticipate the current-day use of "sin taxes" or federal taxes on items such as tobacco? Why did he choose to single out these items?

5. In what ways do the values of personal responsibility and social responsibility influence Hamilton's plan to establish public credit of the new federal government?

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