In 1790, Secretary of the Treasury Alexander Hamilton proposed assuming the outstanding state debts in order to create an overarching national debt. When he did so, an uproar ensued. But why was this such a controversial subject, and how did it bring the United States Capitol to Washington, DC? In this video, I explain.
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Best Books on this Topic
- Gordon Wood, Empire of Liberty
- Forrest McDonald, The Presidency of George Washington
- Douglass Southall Freeman, Washington
- Kevin Gutzman, Virginia’s American Revolution
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