introduction
The United States gained their independence on the Fourth of July. With only 13 states they made a successful nation. They got America out of debt and poverty, with their first president named Gorge Washington and the help of the cabinet (John Adams - vice president, Alexander Hamilton- Treasury Secretary, Thomas Jefferson- Secretary of State, Edmond Jennings Randolph- Attorney General, and Henry Knox- Secretary of War). Together made the United States move the first steps forward to success.
Problems of debt.
The first problem that had to be solve in the US was debt. The United States had a lot of debt that had to be paid, the debts were: National Debt, State Debt and Forging Debt. Alexander Hamilton made an economic plan. One of his ideas was to make bonds. The bonds were official pieces of paper that people borrowed that had value of some money. They were like checks but you could sell it for a higher price but, people were selling it for a lower price when they really needed money. Then Hamilton wanted the idea of tax. But, Jefferson was afraid that this would anger the people because the US had just had its independence for Britain that made them pay tax. Then an idea of a National Bank came giving a good effect helping the United states get on their feet.
http://www.lwv.org/content/history-federal-government-public-education-where-have-we-been-and-how-did-we-get-here
http://www.lwv.org/content/history-federal-government-public-education-where-have-we-been-and-how-did-we-get-here