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George Washington addressed war debts primarily through the establishment of a strong federal financial system under the guidance of Alexander Hamilton, his Secretary of the Treasury. Hamilton proposed the federal assumption of state debts and the creation of a national bank, which facilitated the issuance of bonds to investors. This strategy helped stabilize the economy and restore public confidence in the U.S. government's financial credibility. Additionally, tariffs and taxes were implemented to generate revenue for repaying these debts.
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The federal government was unable to pay its Revolutionary War debts because it could not?
The federal government was unable to pay its Revolutionary War debts because it did not have the power to levy taxes. The war was fought from 1775 to 1783.
What was the federalist view on the assumption of state debts?
The view was that the Federal Government should pay off the states' war debts.
Did the US agreed to pay all of its pre war debts to England?
his butt
Did George Washington pay his soldiers when the war was over?
no
Who favored the federal government to assume and pay for the war debts owed by the Congress and states?
Thomas Jefferson
Who was the cabinet member that convinced congress to pay revolutionary war debts in full?
Alexander Hamilton was the cabinet member who convinced congress to pay revolutionary war debts in full.
The federal government was unable to pay its Revolutionary War debts because it could not?
The federal government was unable to pay its Revolutionary War debts because it did not have the power to levy taxes. The war was fought from 1775 to 1783.
Who pays for funeral costs in Washington?
In Washington the estate has to pay off the debts to include the cost of a funeral. If the estate cannot do so, they distribute as best they can. If the court approves the distribution, the debts are ended.
What is Alexander Hamilton's plan?
To pay off all war debts
When will Germany pay off World War 2 debts?
Never
What was the federalist view on the assumption of state debts?
The view was that the Federal Government should pay off the states' war debts.
Why did the 3Rd estate have to pay taxes in the french revolution?
to pay off war debts from the American revolution
Was it fair for Great Britain to require the colonies to help pay British war depts?
Yes. The war the debts came from was started by George Washington's blunder, the war was fought on American soil and all the costs were from defending Americans and America. Also, colonists were British citizens and viable to pay taxes.
What is the number one reason why consumers default on their debts?
They do not have the money to pay back their debts!They do not have the money to pay back their debts!They do not have the money to pay back their debts!They do not have the money to pay back their debts!
Who tried to place taxes to pay of the debts for the Seven Years War?
the colony
How did Massachusetts pay off its war debts?
By creating a new property tax.
Did the US agreed to pay all of its pre war debts to England?
his butt
