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The United States ended the war owing Spain, France, and the Netherlands 10 million dollars. The major debt caused coin circulation to decrease and paper money printing to increase. Inflation skyrocketed.
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What are the long term effects of American revolutionary war?
we went into great debt.
What were the effects on the US after Revolutionary War?
The effects from the Revolutionary War on America was that it was a free country. It could now trade with anyone they want and didn't have to follow Great Britain's orders.
What did Hamilton believe in regards to the debt the states accumulated from fighting the Revolutionary War?
The national government had the obligation to pay the debt.
What did Hamilton believe in regards to the debt the states accumulated from fighting revolutionary war?
The national government had the obligation to pay the debt.
What was the war debt that was left from the Revolutionary War?
$6,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000.01
What were economical effects of the Revolutionary War?
The war left the nation with a debt of about $27 million.
What are the long term effects of American revolutionary war?
we went into great debt.
Was the US in debt when washington took office?
Yes, there was a war debt from Revolutionary War expenses.
When did the US begin to be in debt?
Since the revolutionary war.
What was America's total debt after the revolutionary War?
36 million
What started the US growing a large national debt?
The Revolutionary War.
When did the US Government first tax liquors?
Just after the Revolutionary War to pay the War Debt.
How is the french and Indian war related to the Revolutionary War?
Because the british were in debt and they needed to tax the colonists.
What were the effects on the US after Revolutionary War?
The effects from the Revolutionary War on America was that it was a free country. It could now trade with anyone they want and didn't have to follow Great Britain's orders.
What did Hamilton believe in regards to the debt the states accumulated from fighting the Revolutionary War?
The national government had the obligation to pay the debt.
What did Hamilton believe in regards to the debt the states accumulated from fighting revolutionary war?
The national government had the obligation to pay the debt.
What did Hamilton believe in regards to the debt the states accumulated from fighting in the revolutionary war?
The national government had the obligation to pay the debt.
