imported tea
Bank of the United States Excise Tax Funding at Par Assumption of States Debts Tariffs Memory trick...BEFAT
true
Paying back its debts from the Revolutionary War.
that one thing
Mainly they taxed the US citizens when they could, because when the US first came independant, only state governments could tax, not federal. But this was soon changed and eventually the debt was paid.
Alexander Hamilton was the cabinet member who convinced congress to pay revolutionary war debts in full.
During the Revolutionary War the Congress and the States needed to pay off the huge debts they had.
Mounting debts to pay for the war and Congress being unable to collect taxes directly.
The confederation congress wanted to sell the nations western lands so that they could pay the nation's debts. They wanted to sell the land to the public.
If you have outstanding debts, any assets, including inheritance, can be levied to satisfy the debt.
The purpose of the whiskey tax was to help pay off debts to other country's after the war.
Bank of the United States Excise Tax Funding at Par Assumption of States Debts Tariffs Memory trick...BEFAT
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.
Bank of the United States Excise Tax Funding at Par Assumption of States Debts Tariffs Memory trick...BEFAT
true
Debts
The major downfall of the Articles of Confederation was simply weakness. The federal government, under the Articles, was too weak to enforce their laws and therefore had no power. The Continental Congress had borrowed money to fight the Revolutionary War and could not repay their debts.