answersLogoWhite

0


Best Answer

The obvious reason for the debt in 1790 was the expense of the Revolutionary War. The Continental Congress did not have the machinery set up to levy and collect taxes, so the war had to be financed by borrowing and issuing paper money that was not backed by gold or hard currency.

User Avatar

Wiki User

13y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: Why was America in debt after 1783?
Write your answer...
Submit
Still have questions?
magnify glass
imp