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In page United States Department of the Treasury:

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To the surprise of many legislators, he insisted upon federal assumption and dollar-for-dollar repayment of the country's $75 million debt in order to revitalize the public credit: "[T]he debt of the United States was the price of liberty. The faith of America has been repeatedly pledged for it, and with solemnities that give peculiar force to the obligation."[3] Hamilton foresaw the development of industry and trade in the United States, suggesting that government revenues be based upon customs duties.[3] His sound financial policies also inspired investment in the Bank of the United States, which acted as the government's fiscal agent.[citation needed]