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oct 29, 1790 - Assumption of Debt

Description:

The transfer of debt from one party to another, Federal Government pays state taxes in order to have the upperhand. This is crucial for Hamilton's plan for wealthy Americans to provide support to national administration.

Added to timeline:

Causation in the Early Americas

ByKatie Stohlmeyer
31 Oct 2017

Date:

oct 29, 1790
Now
~ 233 years ago
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