Foreign Interest Remittances by the United States, 1785–1787: A Story of Malfeasance

Donald G. Tailby

Business History Review, 1967, vol. 41, issue 2, 161-176

Abstract: In servicing the foreign-held debt of the United States during 1785–1787, public policy delegated a considerable portion of the process to private businessmen. The results certainly question the efficacy of the private conduct of public affairs in the financing of the new American nation.

Date: 1967
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