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Arrears

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Chapter 10: Launching the New Ship of State, 1789-1800 A.???Introduction 1.?????Within twelve troubled years, the American people had risen up and thrown overboard both the British yoke and the Articles of Confederation (not best training for government) 2.?????Finances of the infant government were likewise precarious; the revenue had declined to a trickle, whereas the public debt, with interest heavily in arrears, was mountainous 3.?????Worthless paper money, state and national, was plentiful as metallic money was scarce 4.?????Nonetheless, the Americans were brashly trying to erect a republic on an immense scale 5.?????The eyes of a skeptical world were on the upstart United States of America B.????Growing Pains
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