Federal-State Financial Relations, 1790–1860

Paul B. Trescott

The Journal of Economic History, 1955, vol. 15, issue 3, 227-245

Abstract: Financial relationships between the federal government and the states were a critical matter in the founding and early operations of the federal government under the Constitution, with the settlement of the Revolutionary War debt the object of chief concern. When the debt was ultimately secured, other matters arose to keep funds passing from one level of government to another. Some of these were of major political importance, while others involving substantial sums made little political impact, being less controversial.

Date: 1955
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