What was the primary motive behind Alexander Hamilton's proposal for the federal government to assume state debts incurred during the Revolutionary War?
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Correct answer: To bind the interests of wealthy creditors and states to the success of the new federal government
Hamilton believed that by assuming state debts, the federal government would gain the loyalty of the nation's creditors. This 'assumption' plan shifted the focus of powerful interest groups from the state level to the national level, strengthening the central government's authority.
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