The new government faces several economic challenges, including managing inflation, which can erode purchasing power and create uncertainty. It also needs to address high unemployment rates and stimulate job creation to support economic growth. Additionally, ensuring fiscal stability while balancing budgets and managing public debt is crucial for long-term sustainability. These issues require effective policy measures and strategic planning to foster economic recovery and stability.
They faced multiple problems...though the main ones were national debt,and the arguments over Government power balance.
The biggest economic problem for Alexander Hamilton and his new government was recovering from the 54 million dollar federal debt arising from the Revolution. The states owed another 25 million. Confederate paper money was worthless.
The country actually prospered. New commercial businesses were developed and the country's government developed new jobs to develop national security.
Decreasing government spending.
The United States government had not only recently finished with their revolution; they had also not given the central government its own power to tax its citizens so the central U.S. government had no income and relied completely on "donations" from the states themselves, which most simply didn't pay. Also they were trying to create a new government system, which isn't cheap.
They faced multiple problems...though the main ones were national debt,and the arguments over Government power balance.
The biggest economic problem for Alexander Hamilton and his new government was recovering from the 54 million dollar federal debt arising from the Revolution. The states owed another 25 million. Confederate paper money was worthless.
One problem that the new federal government faced was that the large population was very hard to manage. The new federal government also had problems with jobs.
A system of bartering such as exchanging whiskey and other items they produced.
They faced multiple problems...though the main ones were national debt,and the arguments over Government power balance.
Some of the problems Alexander Hamilton (Secretary of the treasury) had to face were that the new government had to pay off their war debts,raising government revenues,and creating a national bank.
Dry weather condition, Poor economic conditions, Health problems, Lack of education, Crowd and over growth of population in some cities.
they face making friends, learning new langwiges, and learning new stuff in school
The biggest and most important issues the new federal government had to contend with were economic problems. The Revolutionary War debt was huge and individual states didn't feel they should be taxed to pay for it.
They had to face war. Slavery and stuff like that.
1.Paying off all war debts. 2.Raising government revenues. 3.Creating a national bank.jjj
The country actually prospered. New commercial businesses were developed and the country's government developed new jobs to develop national security.