/biz/ - Business & Finance

>>57091584
>A zero-sum arrangement was contrived in which Virginia would pay $3.4 million to the federal government and receive exactly that amount in federal compensation.[99] The revision of Virginia 's debt, coupled with Potomac residence, ultimately netted it over $13 million

>Hamilton's report had the immediate effect of converting what had been virtually worthless federal and state certificates of indebtedness to $60 million of funded government securities

>interest alone on the national debt consumed 40% of the national revenue between 1790 and 1800.[56]