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Subjects>History>American Government

What is assumption of state debt?

Anonymous

∙ 15y ago

Updated: 4/28/2022

I believe that is when the federal government takes on the debts of a state(s) in order to better manage/pay it off.

Wiki User

∙ 15y ago

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What did Shays's rebellion have to do with state debt?

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What was the federalist view on the assumption of state debts?

The view was that the Federal Government should pay off the states' war debts.

To win support for the federal assumption of the state debts Hamilton's supportersnegotiated a bargain that?

D. call for the construction of a new national capital on the banks of the Potomac River.

What does political assumption mean?

1. Something that is believed to be true without proof. Example: The assumption that such people have a genuine choice of schools for their children is false.2. the process of beginning to take responsibility for something as assumption of office the time when someone starts a job. Example: on his assumption of office, the premier arrested several of the ministers in the former government."assumption." Dictionary of Politics and Government.London: A&C Black, 2004. Credo Reference.

What was the national debt in 1791?

the national debt was something used to create national debt

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