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The Federal Government Essay

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Alexander Hamilton, a great the federal government had acquired a huge national debt and Alexander Hamilton was assigned to resolve that. He proposed a plan that was to “retire the old depreciated obligations by borrowing new money at a lower interest rate.” (Alexander Hamilton’s Financial Program, 2012) “Hamilton's debt program was a remarkable success.” Because according to this program, the backlog of long-term debt problem has been resolved, reconstructed th...

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