answersLogoWhite

0


Best Answer

Robert Morris' "On Public Credit", an economic plan for the colonies, was submitted to the Continental Congress in 1781. The paper laid out a national funding plan with a reliance on direct taxation, including a head tax on slaves. There was no support for the taxation plan.

User Avatar

Wiki User

10y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: Why did roger Morris's plan fail to pay off the American debt?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

Can bank confiscate property collateral fail to pay debt?

the sale of the corporations assests


How did the government fail to achieve its goal of assimilation for American Indians?

how did the gov. fail to achieveits goal of assimililation for american indians


If you did not put up any collateral on a debt or have a signed agreement to a debt can the debt for any reason be considered secured?

The debt cannot be considered secured. However if you fail to pay, you may have a bankruptcy petition to face which could result in your goods and property being sold to pay the debt.


Why did the English republic fail?

they're not American


What does the term notice of default mean?

A notice of default is used to notify a borrower that they have defaulted on their debt. To default on a debt means to fail to repay it. So a notice of default reminds the borrower that he has not made a payment on his debt on time.


Can you have more than one judgment?

If you fail to pay more than one person or debt, Yes, of course.


What is an American Kiss?

like french, but with less fail


What is the British English word for fail an exam?

to fail or flunk an exam, the same as American English.


Which of the following is a disadvantage of debt financing?

Banks are usually unwilling to fund a business in its early stages of development. Banks generally don't want to take the risk that a business will fail and default on its debt obligations.


Why did President Barack Obama fail to lead in the Debt Ceiling Plan?

'Fail to lead' does not apply. The President inherited a government so steeped in partisan politics that it refuses to have any other priority than their own party line. Now it doesn't matter which party that a president is a member of, the parties are in charge. Until enough of them realize that they are 'waging war' at the expense of the American people and make a determination to change that, there will be no effective plan for any policy, debt, health care cost, unemployment, or any important issue for Americans.


Where did American attacks consistently fail in the war of 1812?

Canada


What is unsecured personal indebtedness?

Unsecured personal indebtedness is debt that is not secured against an asset. For example, a mortgage is a debt secured against an asset, being a house. If you fail to pay your mortgage, your house will be taken of you. An unsecured debt is that of a loan or credit card bill which is not backed up by an asset.