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Federalist Party
Beginning of Essay
"Seldom in the nation's history has there been a period so extraordinary in accomplishment as the first decade under the Constitution...."
This paper is going to be a step by step evaluation of arguably the most important decade in American History. The time perio .... Middle of Essay .... important than agriculture.
Financial Dilemma
During the first two years of the new federal government the biggest problem was that of raising money. At first the Congress adopted a small tariff on imports. This was a start but not nearly enough. The government needed this money to maintain its own existence and to be able to pay of the debt. The existence of the government was a necessity, but there was a lot of discussion as to whether the debt should be payed off.
The mare magnitude of the debt seemed to compel some measure of avoidance. In 1789, the national debt totaled more than $50 million, $11,700,000 of which was owed to France and Spain a ....
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Words: 1533 - Pages: 6
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