After the Revolutionary War, the United States was left with a $52 million dollar national debt as well as a $25 million dollar debt from the individual states. Alexander Hamilton developed a financial plan to re establish the credit of the US by providing for the payment of the nation's debts. Hamilton established the credit of the United States by paying off the national debt. One way he did this was by exchanging old war bonds for …
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showed last 75 words of 567 total
…th century were developed by Hamilton in the 1790's. Alexander Hamilton created a financial plan to help establish the United State's credit after the Revolutionary War. The main goal of his plan was to provide for the payment of the nation's debts. He did this by reissuing bonds, creating a protective tariff to protect manufacturers, combining the debts of the states with the nation's debts, and creating a national bank to control the US's money.