A solidified Union could do a plethora of things that a comparatively weak confederation could never hope to accomplish. Defense could be more easily secured with one army, trade deals would only have to be made a single time, and public debt could be securely managed. For example, in his “Report on Public Credit”, Hamilton advocated strongly for the assumption of all debt by the general government. He had noticed most states were struggling to pay back wartime debts to foreign nations and it was making the country seem untrustworthy in the eyes of its overseas allies (21). To remedy this, the federal government had to purchase all the loans and then tax its people uniformly to begin to pay it back. This would assure good credit and trust for future financial endeavors. Eventually this plan was adopted, and it was a smashing success. As revenue poured in from investors, Alexander Hamilton shifted his focus to the institution of a national
A solidified Union could do a plethora of things that a comparatively weak confederation could never hope to accomplish. Defense could be more easily secured with one army, trade deals would only have to be made a single time, and public debt could be securely managed. For example, in his “Report on Public Credit”, Hamilton advocated strongly for the assumption of all debt by the general government. He had noticed most states were struggling to pay back wartime debts to foreign nations and it was making the country seem untrustworthy in the eyes of its overseas allies (21). To remedy this, the federal government had to purchase all the loans and then tax its people uniformly to begin to pay it back. This would assure good credit and trust for future financial endeavors. Eventually this plan was adopted, and it was a smashing success. As revenue poured in from investors, Alexander Hamilton shifted his focus to the institution of a national