Debt
because our new nation was in debt after the war against Britain
Debt
The war left the nation with a debt of about $27 million.
Thomas Jefferson
in united states of america currently 14.6 trillion dollars in debt
Depending on what nation, several hundred million to billions of £$ (other)
By borrowing more money to pay off their debt
Pro: The Nation will be debt free. Con: The National debt right now (2010) is 14,000,000,000,000 which is a lot of money to pay off and the nation might go broke.
they viewed him as a successful secretary since he established a financial plan for the new nation that was in a drastic debt. = ] hope that helped!
Novanet: The plan would enrich investors and promote new businesses.
There was no foreign debt after the independence war as Mexico was a brand new nation. The first debt was acquired on 1824 (three years after the war) for a sum of 16.63 million dollars, equivalent to 287 million dollars in current exchange rates.