Question

Why did opponents criticize Hamilton's assumption program?
A) It rewarded states like Massachusetts, which had sloppy financial systems, for nonpayment of debt.
B) It proposed a lengthy and unrealistic policy of repaying the original holders of the debt.
C) Only the poor would profit from the program, disadvantaging the rich and creating larger economic issues.
D) The program was disproportionately favorable to the South.
E) The program could lead to the establishment of a monarchy.

Answer

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