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Why is debt a burden on the treasury?
Treasury debt is a liability in the accounting books. This means they will have to re-pay that debt at some point.
Why did people sell there war bonds during the American revolution?
War bonds were a very simple method for the government to make money. At the time, most of the wages Americans were getting were from making the things the government was spending money on, so they encouraged civilians to put that money back into the war effort.
Why did Alexander Hamilton think it was important to pay off government bonds?
First, he wanted to buy up all the bonds issued by the national and state governments before 1789. He planned to sell new bonds to pay off those old depts. When the economy improved, the government would be able to pay off the new bonds. Second, he wanted the national government to pay off depts owed by the states.
What were World War 2 war bonds?
War bonds were issued to the citizens of the U.S. so say you bout 5 dollars in several years you could get that money back and more it was used to fund the military. Thank you.
How did the US government pay back its war bonds?
The US government paid the war bonds by raising taxes multiple times.
