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Why did Louis XVI's France such a large national debt?
The French government had helped fund the American Revolution.
Why did the continental congress have trouble raising money for the American side?
because the American government was the only ones who had money. and why they had to borrowed it was because the independence war had a large debt on them.
What was one reason that Frances debt under Louis xvi was so large?
The French government had helped fund the American Revolution.
What challenge did the new national government face at the end of the American revolution?
There were several challenges that needed to be addressed by the new government after the revolution. The government needed to be established, the debt from the war needed to be paid and moral of the citizens needed to be lifted.
How did Alexander hamilton plan to handle the national debt?
by selling government bonds to fund the debt
How much did the French government spend servicing it's debt in 1789?
20 trillion american dollors in debt.
What year did the Federal government assume the national debt following the American Revolution?
1789-1791
Why did Louis France face such a large national debt?
The French government had borrowed money to support the American Revolution.
Why did Louis XVI's France such a large national debt?
The French government had helped fund the American Revolution.
Who is responsible for creating the national debt?
The National Debt is the responsibility of the government. This debt comes from government spending. This spending is acquired from government programs and foreign aid.
Why did Louis xvis France face such a large national debt?
The French government had borrowed money to support the American Revolution.
What is the United States debt ceiling?
The United States debt ceiling is a debate about government spending and debt. It discusses putting limits on the amount of debt the government can be in at any time and how much money the government can spend.
Why did the continental congress have trouble raising money for the American side?
because the American government was the only ones who had money. and why they had to borrowed it was because the independence war had a large debt on them.
What is the purpose of the government debt relief?
There are many reasons that the government provides debt relief. The main reason and purpose behind government debt relief is that people can keep their homes and vehicles.
What was one reason that Frances debt under Louis xvi was so large?
The French government had helped fund the American Revolution.
Has the government given a bail out for Chrysler to get out of debt?
The government bailed out all major American car companies except for Ford. Chrysler and GMC both got significant bailouts.
What major endeavor had put the French government in serious debt by 1789?
The Seven Years Wars followed by the French support of the Patriots during the American Revolution when added to the debt inherited from previous Kings by the government of King Louis XVI created an economic crisis.
