
16: The Founding Fractures: Alexander Hamilton and Thomas Jefferson
History That Doesn't Suck
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Alexander Hamilton's Plan to Consolidate America's Debt
This chapter focuses on Alexander Hamilton's plan to consolidate America's debt and pay it off with government bonds. Hamilton argues that involving wealthy individuals in the government's success through debt ownership will ensure their investment in the country. However, many members of Congress fail to understand Hamilton's plan, believing it will result in permanent debt and make America subservient to Britain.
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