Why was assumption (state debts go in the hands of the federal govt) so important to Hamilton?

Question

This was the time period after the American Revolution. I understand the whole concept, but i just dont know why they would want this, wat were the benefits of assumption?

Thanks!!

Answer 1

This question should be asked in the category of 'Education & Reference and in the subcategory of 'Homework Help'.  It belongs there.

Answer 2

  There were several reasons why Hamilton wanted the National

  Government to assume, Assumption, the States debt.

  1. it would get those states to support the new Federal Government.

  2. These states had acquire the debt by borrowing the money so that

     they could fight the British during the American War for

    Independence, commonly called The Revolutionary War. Hamilton

     believed that the National Government had an obligation to assist

   the states since ALL the states had benefited from those fighting the

   British for the Nation's, and their, independence.

   As you may know Jefferson and Madison opposed this Assumption

  because they thought it was unfair towards the states which had paid

  off their debts, like Virginia where these 2 were from.  The president,

  G. Washington, came up with an ingenuous compromise which had

  the Government paying off the states debt in return the Nation's

  Capital was moved to land donated by Virginia/Maryland along the

  Potomac River, very close to washington's Mt. Vernon estate. This

  new city was to be called The District of Columbia, Washington DC.

  Almost everyone was happy, except the people in Philadelphia, the

  old capital.

                         Hope that helps. Packers.