Question
(8) Having read the primary document, Report on Public Credit, answer the following questions and submit your answers using the link. Write in complete sentences
(8) Having read the primary document, "Report on Public Credit," answer the following questions and submit your answers using the link. Write in complete sentences using own words. Your answers need to be at LEAST 2 FULL sentences per QUESTION
Link to document - https://docs.google.com/document/d/1swwta8QThDysQfZoEuI0TEXYz9UJS2QBCbnsJODVBdc/edit?usp=sharing
1. According to Hamilton, why is it essential that the new Republic establish public credit?
2. What benefits does Hamilton believe that individual citizens of the United States will accrue as a result of the establishment of such credit?
3. What examples does he give?
4. How does Hamilton propose paying off the previous debts?
5. What problems could arise from this, especially in paying back loans with grants of land?
6.. What items does Hamilton propose raising or enacting new duties or taxes on?
7. How does this anticipate the current-day use of "sin taxes" or federal taxes on items such as tobacco?
8. Why did he choose to single out these items?
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