Debt assumption
id:
debt-assumption-315-16777139
title:
Debt assumption
text:
Debt Assumption, or simply assumption, was a US financial policy executed under the Funding Act of 1790. The Washington administration pursued the policy, under Secretary of the Treasury Alexander Hamilton's leadership, to assume the outstanding debt of states that had not yet repaid their American Revolutionary War bonds and a scrip. Some states, such as Virginia, had already repaid their debt. The policy of assumption, Hamilton argued, required expanded federal taxation, including a tariff and
brand slug:
wiki
category slug:
encyclopedia
description:
original url:
https://en.wikipedia.org/wiki/Debt_assumption
date created:
date modified:
2023-03-07T21:37:25Z
main entity:
{"identifier":"Q5248586","url":"https://www.wikidata.org/entity/Q5248586"}
image:
fields total:
13
integrity:
13