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Although Hamilton did have respect for aristocracy, he realized that it was important every person had some say in their government thus showing his support for a republic.
Hamilton was asked to create a financial plan to solve the problem of national debt in October of 1789. What he proposed was that a certain amount of the government's revenue be strictly used for paying off national debt while remaining in debt to the rich so that they would be interested in the government's success...
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What he proposed was that a certain amount of the government's revenue be strictly used for paying off national debt while remaining in debt to the rich so that they would be interested in the government's success. Hamilton said that America would have better credit among other nations if it was honest with its creditors and paid them off faithfully...
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