Which of the following best describes Alexander Hamilton's financial plan as it relates to investments in securities during the early years of the United States?

• A. Hamilton advocated for the immediate repayment of all debts in gold and silver, avoiding the issuance of any securities.
• B. Hamilton recommended that each state manage its own debts independently, without federal involvement in securities.
• C. Hamilton's plan focused solely on increasing tariffs and did not address investments in securities or national debt.
• D. Hamilton proposed the federal government assume state debts and issue new federal securities to fund the national debt.

Answer: (D)

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