Presently a major deterrent to bank panics in the United States?

The national debt is the subject of great debate presently in the United States.?

• The national debt is the subject of great debate presently in the United States. Note how the issue of “funding and assumption” of the state and Confederation debts for fighting the Revolution were important to Alexander Hamilton, our first Secretary of the Treasury. Leaving aside 21st century concerns for the moment, discuss why Hamilton thought the new national government should fund its Revolutionary war debt, and that of the states, at full value. Why did Hamilton think this was important from an international perspective? I need some help with this question for school.

• Answer:

  Because funding it at full value gave foreigners confidence in the new American government that it would honor its debts