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The Debt Problem

Description

Hamilton's plan for the national debt
mfincher
Mind Map by mfincher, updated more than 1 year ago
mfincher
Created by mfincher about 9 years ago
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Resource summary

The Debt Problem
  1. United States National Debt
    1. $12 Million to Foreign Creditors
      1. Sell Western lands to pay in full
      2. $42 Million to Americans
        1. National Government Pay off by Selling New Government Bonds/Securities (Borrowing)
          1. Principal (Original Amount Borrowed): Pay off by Continued Borrowing
            1. Interest on Debt--Pay Off
              1. Excise "Sin" Taxes
                1. Tariffs
                2. $25 Million
            2. Debts of the States
              1. $25 Million
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