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Fortune·4 min read·hard

US debt was its own revolutionary masterstroke that helped launch a global financial superpower

J
Jason Ma
US debt was its own revolutionary masterstroke that helped launch a global financial superpower
AI Summary

This article explores the historical origins of U.S. debt, tracing it back to Alexander Hamilton's 1790 plan to consolidate Revolutionary War debts. It explains how this decision established American creditworthiness and transformed the nation's financial standing.

Believe it or not, U.S. debt was once a source of national strength, before it became a sword of Damocles hanging over the federal government and the bond market.

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