Alexander Hamilton and the National Debt

Who was the Treasury secretary that tackled the problem of settling national and state debt?

• Thomas Jefferson

• George Washington

• John Adams

• Alexander Hamilton

What was Alexander Hamilton's biggest challenge as Treasury secretary?

• Establishing a new currency

• Paying off the national debt

• Creating a federal bank

• Negotiating trade agreements

How much money did the United States owe to foreign countries according to the document?

• $11.7 million

• $40.4 million

• $52.1 million

• $30.2 million

How much money did the United States owe to its own citizens through bonds?

• $11.7 million

• $40.4 million

• $52.1 million

• $30.2 million

What was Hamilton's plan regarding the payment of foreign and domestic debt?

• To pay foreign debt first and all debt at full value

• To pay domestic debt first and negotiate foreign debt

• To default on foreign debt and only pay domestic debt

• To consolidate both debts and pay over a longer period

Which politician opposed Alexander Hamilton's plan to settle the national debt?

• John Adams

• George Washington

• Thomas Jefferson

• James Madison

How much did the states owe for Revolutionary War expenses?

• $10 million

• $25 million

• $50 million

• $100 million

What did Hamilton want the federal government to do regarding the states' debts?

• Ignore the debts

• Pay off all the debts

• Pay part of the states' debts

• Loan money to the states

Why did Hamilton want the federal government to pay part of the states' debts?

• To punish the South

• To help the national economy

• To start a new war

• To reduce the power of the states

Which region did not want the federal government to pay states' debts?

• The North

• The East

• The South

• The West