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Why did the new us have trouble paying its war debts after the revolutionary war?
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∙ 11y ago
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In 1789 what was the most serious problem that the new government of the United States had?
Paying back its debts from the Revolutionary War.
Was Shays Rebellion a tax revolt?
yes,War causes debt in most cases, and after the American Revolutionary War, the new United States had to come up with a way to pay their debts to European countries. One decision that left many people in significant trouble was to increase land taxes on farmers, and this created tremendous difficulties, especially between farmers and merchants. There was inequity between the taxes farmers had to pay and the taxes merchants paid. Smaller farmers in the Eastern states couldn't meet their debts, leading to uprisings like the Shays' Rebellion.
A major new political innovation that emerged in the revolutionary era was?
A major new political innovation that emerged in the revolutionary era was?
What did hamilton promise southern leaders in orders to gain the support for his plan to pay off state debts?
The new government should pay off the millions of dollars in depts owed by the confederation government to other countries and to individual American Citizens.
How did Massachusetts pay off its war debts?
By creating a new property tax.
In 1789 what was the most serious problem that the new government of the United States had?
Paying back its debts from the Revolutionary War.
What colony was created to give a new home and second chance to people who had been jailed for not paying their debts?
Georgia
Why did the new US government have trouble paying its bills?
because the state never gave enough money for taxes.
What financial problems did the new nation face?
1.Paying off all war debts. 2.Raising government revenues. 3.Creating a national bank.jjj
Why did many settlers come to new England colonies?
many early settlers came to the new world as indentured servants. They were either paying of debts, serving out prison terms or very desperate to survive.
What was the federal budget in 1776?
During the American Revolution, a cash-strapped Continental Congress accepted loans from France. Paying off these and other debts incurred during the Revolution proved one of the major challenges of the post-independence period. The new U.S. Government attempted to pay off these debts in a timely manner, but the debts were at times a source of diplomatic tension.
What were the issues of shays rebellion?
War causes debt in most cases, and after the American Revolutionary War, the new United States had to come up with a way to pay their debts to European countries. One decision that left many people in significant trouble was to increase land taxes on farmers, and this created tremendous difficulties, especially between farmers and merchants. There was inequity between the taxes farmers had to pay and the taxes merchants paid. Smaller farmers in the Eastern states couldn't meet their debts, leading to uprisings like the Shays' Rebellion.
What cause inflation in new nation?
After the revolutionary war, most states had a hard time paying off war debts and struggled to collect overdue taxes. to ease this hardship, some states began printing large amounts of paper money. The result was inflation!
Why did the new nations need to pay off its debts?
because the new nation needed to pay off the foreign debts and to issue new bonds to cover the old ones
What are the release dates for A New Way to Pay Debts - 1908?
A New Way to Pay Debts - 1908 was released on: USA: 14 March 1908
If you haven't paid your credit-card debts in 7 years can you apply for a new card?
When you apply for a credit card a credit report will be ran and those credit cards you haven't been paying will be on that report. So I say no.
Was Shays Rebellion a tax revolt?
yes,War causes debt in most cases, and after the American Revolutionary War, the new United States had to come up with a way to pay their debts to European countries. One decision that left many people in significant trouble was to increase land taxes on farmers, and this created tremendous difficulties, especially between farmers and merchants. There was inequity between the taxes farmers had to pay and the taxes merchants paid. Smaller farmers in the Eastern states couldn't meet their debts, leading to uprisings like the Shays' Rebellion.
