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What happened to the bonds issued to American citizens by the Americn government dueing the revolutionary war?
Wiki User
∙ 9y ago
Many of the original bond owners-shopkeepers, farmers, and soldiers- had sold the bonds for less than their value. They were purchased by speculators, people who risk money to make a greater profit.
Wiki User
∙ 8y ago
Wiki User
∙ 10y agoMost of the bonds were bought from the Revolutionaries, primarily farmers, for pennies on the dollar by opportunistic insiders close to the government. The insiders knew when the national bank was going to be formed so they scoured the countryside buying up these "worthless" bonds knowing full well they were worth a fortune. Some of America's first millionaries were created as a result. The patriots got hosed. The rich got richer. As it was then, it remains today.
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they gave the american citizens their own rights.
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