New York State Archives, NYSA_A0142-77_0007a
United States Congress resolution for payment of foreign and domestic debt, September 27, 1785.
How much money must be deposited in the Treasury by May 1786? How will this money be distributed and why?
To which nations does the United States owe money?
What responsibility do the states have in this transaction?
Which state has the greatest burden? Which the least?
In what forms of currency can the sums be paid?
By what date must the payments be made?
What incentives does each state have to pay their share of the monies on time?
What other way does the federal government have the ability to raise revenues?
Research the way in which the US government raises revenue today.