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True: Alexander Hamilton believed that retiring the national debt should be the primary goal of the new republic.
Hamilton's biggest issue was a massive national debt. He suggested that the federal government and the states' entire debt be taken up by the government. His strategy involved borrowing new funds at a lower interest rate in order to pay down the older, devalued debts. His first goals were to build credit both domestically and internationally and to fortify the federal government at the expense of the states. Thus, the given statement is true.
His motivation was political as well as commercial. He hoped to tie the powerful men who had purchased the majority of the domestically held bonds to the federal government by having the central government pay the debts owed by the states.
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