Paymitch08
Answered

Looking for trustworthy answers? Westonci.ca is the ultimate Q&A platform where experts share their knowledge on various topics. Connect with a community of experts ready to provide precise solutions to your questions quickly and accurately. Join our platform to connect with experts ready to provide precise answers to your questions in different areas.


Why was the new American government having money problem?

Sagot :

nyvieannaw1

Answer:

The absorption of state debt would expand the national credit market that Hamilton sought to establish. The market would also aid in the establishment of America's worldwide credit rating and prevent individual states from gaining too much influence in the new country. The federal government had amassed a massive debt of $54 million, plus interest. Another $25 million was owing by the states. The Continental Congresses and the Articles of Confederation issued worthless paper money.

Thanks for using our service. We're always here to provide accurate and up-to-date answers to all your queries. Thank you for visiting. Our goal is to provide the most accurate answers for all your informational needs. Come back soon. Westonci.ca is here to provide the answers you seek. Return often for more expert solutions.