By the end of the Civil War, the Federal Government had a direct debt of almost $7 Billion. This back in 1865 was a huge amount of money.
With that fact aside for the moment, if the Federal government and the Confederacy had not been so hell bent on the issues that separated them, historians now calculate the following:
IF, and it was a world wide practice, if the Government purchased the freedom of the 4 million slaves in the USA around 1861, and granted these experienced slave field workers a forty acre farm to each slave family, the estimated cost would have been approximately $3 Billion.
The remaining $4 Billion could have been used to cover extraordinary payments to former slave holders and used some of it to even pay for back wages to slaves, the economy of the South could have continued growing cotton and tobacco, and slave holders would have enough money to finance their farming.
The idea was simple. The South for economic reasons could not voluntarily just free its slaves or chaos would be everywhere. It's an old saying but true, money talks, nobody walks. Social and cultural problems would have existed but that's what happened after the Civil War anyway. No 1.5 million warcasualties and no 600,000 dead American soldiers.
Be that as it may, The Federal debt was paid off the following way:
A. For a brief time the Federal Government raised money from a progressive income tax.
B.The Federal Government floated huge bond issues to the general public, not to banks. The Treasury Department hired Jay Cooke, a Philadelphia banker, to market $500 Million worth of bonds
C. The Lincoln Administration "printed" $150 million dollars. (Never a good idea to produce Fiat monies but other choices were not there.)
D. It took about 50 years to basically end the debt through all kinds of levies, tariffs, and internal taxation.
Because they had to pay people to harvest it
Early in 2005.
civil estimates means the expenditure which does not require the pre or post sanction of parliament or state assemblies in the affairs of union of india
In everyway: equipment, pay, training, leadersip, tactics.
Yes. In the Union Army, for most of the war, the pay was $12 per month. A drummer (or bugler, or fifer) was a full fledged member of his military unit, entitled to uniform, rations, pay and other benefits.
The government had to pay off the War Debt.
If you have a civil judgment or lien against you in South Carolina and you pay you house off, they can not take it directly from you. They may be able to put a lien against it until you pay the debt off.
Only if they pay off the outstanding debt owed on the mortgageOnly if they pay off the outstanding debt owed on the mortgageOnly if they pay off the outstanding debt owed on the mortgageOnly if they pay off the outstanding debt owed on the mortgage
Pay off your debt.Pay off your debt.Pay off your debt.Pay off your debt.
Pay off his father's debt
Pay it off
That means you pay off part of your debt.That means you pay off part of your debt.That means you pay off part of your debt.That means you pay off part of your debt.
No, you cannot use a Stafford student loan to pay off personal debt. The only debt that should be paid off with an educational Stafford loan is your college debt.
The best way a person can pay their credit card debt is by getting a job to earn money to pay off the debt. By being wise about how their money is spent, a person can begin to pay off the debt without creating more.
It is best to pay off the debt. You can also ask if they will remove their listing completely from your credit report, if you agree to pay. If they agree to this, tell them to send the agreement to you in writing and you will immediately pay off the debt.
The best way to pay off corporate debt is to pay the high interest credit cards off first. If that does not work a company must consider filing for bankruptcy to escape debt.
Hamilton's plan to pay off the national debt had three parts. The first was to pay off all war debt, next was to raise government revenue and last to create a national bank.