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- Debt_Assumption abstract "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 those states which had not yet repaid their American Revolutionary War bonds and scrip. Some states, such as Virginia, had already repaid their debt. The policy of assumption, Hamilton argued, required expanded federal taxation. Hamilton instituted the first tax on a domestic product, whiskey. Some western farmers, many of them veterans of the Revolution, who were reliant on whiskey as a medium of exchange said the tax betrayed the ideals of the Revolution. The Whiskey Rebellion and other tax resistance movements were consequences of this policy.".
- Debt_Assumption wikiPageID "37359121".
- Debt_Assumption wikiPageRevisionID "571383551".
- Debt_Assumption hasPhotoCollection Debt_Assumption.
- Debt_Assumption subject Category:Alexander_Hamilton.
- Debt_Assumption comment "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 those states which had not yet repaid their American Revolutionary War bonds and scrip. Some states, such as Virginia, had already repaid their debt. The policy of assumption, Hamilton argued, required expanded federal taxation.".
- Debt_Assumption label "Debt Assumption".
- Debt_Assumption sameAs m.0n8zwx6.
- Debt_Assumption sameAs Q5248586.
- Debt_Assumption sameAs Q5248586.
- Debt_Assumption wasDerivedFrom Debt_Assumption?oldid=571383551.
- Debt_Assumption isPrimaryTopicOf Debt_Assumption.