4 sentences with “creditors”

He also understood the importance of making the new United States financially stable for creditors abroad.

For the national government to be effective, Hamilton considered it essential to have the support of those to whom it owed money: the domestic and wealthy creditor class, as well as foreign creditors.

Without revenue, Congress could not repay the American creditors who had lent it money. However, it managed to pay interest to foreign creditors in France and the Dutch Republic, fearing that defaulting on those payments would destroy the republic's credit and leave it unable to borrow.

He recommended that the new federal government honour all its debts, including all paper money issued by the Confederacy and the states during the war, at face value. Hamilton especially wanted wealthy American creditors who held large amounts of paper money to be invested, literally, in the future and well-being of the new national government.