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Why did many people sell their government bonds for less than they paid for them?
They did not believe the government was going to be able to pay its debt
Did Hamilton believe in regards to the debt the states accumulated from fighting the Revolutionary War?
Since the states were fighting to obtain the independence of a new nation, Hamilton believed it should be the federal government's obligation to assume and pay off all the debts, at face value, the states obtained as a result of the Revolutionary War. Many Southern states had already paid their debts and some of the bonds issued by the Continental Congress and states were considered worthless to many that had lent the Congress and states money. Speculators had been buying up the bonds for pennies on the dollar in the hope that the government would redeem them at face value. Hamilton argued that even if such speculators made money, the fact that the government paid off the debts would impress European nations and convince them we would be an economically stable nation and would honor our commercial agreements.
Who creates the caps on government borrowing?
In the USA it is Congress. They have to pass legislation to authorize the government to borrow more money (raise the debt ceiling). Indirectly the Federal Reserve and the market also put a cap on it since the ability to borrow depends on the interest rate that must be paid on any bonds issued by the government. Higher interest rates set by the Fed cause the interest rates that must be paid on government bonds to have to be higher to actually sell. The market also determines what interest rate will be required to sell all the bonds - the less demand there is for the bonds, the higher the interest rate has to be in order to make them attractive enough to sell and the better the yields on other potential investments, the higher the interest rates have to be in order to be sufficiently competitive. The higher the interest rates, the more difficult it is to get approval to borrow.
How many presidents signed an IOU for borrowed SS money and never paid it back?
I am not sure what you want to know. Presidents can not borrow money from the US treasury, nor do they sign notes for such loans. The social security trust fund was begun in 1939. The money in the fund has always been "invested" entirely in US government bonds which means its full balance was always borrowed from by the government. SS does not really have any money , except the government IOU's in its fund. Of course, it is not the President, but the Congress which controls the money and if changes are to be made, Congress would have to pass the laws to make them.
Why would Hessian's help the British fight the Americans?
they were hired as mercenaries...essentially, they were paid to fight.
How did the US government pay back its war bonds?
The US government paid the war bonds by raising taxes multiple times.
Alexander Hamiltons 1790 Report on Public Credit recommended that the 52 million public debt be?
Pooled with the 25 million dollars of state debt and paid off through bonds and a national bank.
How did the blacksmiths get paid in 1790?
The amount of money that a blacksmith was paid in 1790 depended on the piece they made. On average, they made anywhere between $0.25 to $50.00 depending on the work done.
When would the new bonds be paid back?
Well, you can cross off two years, because that's not it. ^ It's not fifteen to twenty years either, I got that one wrong
What are cashed World War 2 war bonds worth?
Adjusted for inflation, $1 of bonds then is worth $11 now.
What was a bond during World War 1?
War Bonds were essentially money that people loaned to the government to help pay for the war. The bonds were later paid back with interest after the war.
In chapter 11 bankruptcy are bonds paid off when due?
No...basically no prepetition debts are paid...and bonds certainly may never be paid. It many cases, the bondholders get some stock in the newly reorganized company as payment.
What does post bond mean?
Posting bond means providing a sum of money or collateral to secure the release of a person who has been arrested. The individual pays the bond with the understanding that they will appear in court as required. If they fail to appear, they risk forfeiting the bond amount.
What is revenue bonds?
The bond which are obligated to get paid their principal and interest from issuer or its project through the revenue collection are known as "Revenue Bonds". Usually, issuer issues bonds for certain "project" and he requires capital investment hence he issues revenue bonds and the issuer pays back the interest and principal of the bonds through the receipt of the project i.e; through the revenue earned by the project.
What did the government do with the money people paid to buy war bonds?
they bought war bonds and what ever was left they spent
If your car was repossessed and you paid the loan off do you get the title?
If your car was paid off, then why was it repoed? Or if you mean you paid it off after it was repoed, then if the loan company accepted your money,then they have to give you the car and title back. I would call them and get it back or your money back.
What 3 methods did both sides use to raise money for the war?
During the World Wars, the government issued War Bonds. These were bonds that people could buy, and get paid back with interest once the war was over.
