History of the United States I / Unit 8 USH1 1055 short lesson, about 20 seconds
The Debt
Captions available
The idea
The federal debt exceeded fifty-three million dollars in seventeen eighty-nine, and state debts came to about twenty-five million more.
In practice
A new nation that European countries regarded as a poor credit risk.
Where people slip
Everything Hamilton proposes follows from these numbers, and so does everything Jefferson objects to about the result.
Your place on the trail
Every lesson rests on earlier ones and opens later ones. Tap any to jump.
Builds on
Unlocks
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