Foreign Indebtedness of the U.S. Government At the Close of the American Revolution

Graydon K. Anderson
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Graydon K. Anderson: San Diego State University

Public Finance Review, 1979, vol. 7, issue 1, 70-91

Abstract: This paper attempts to fill a gap in the public finance and economic historical literature by providing a logically consistent estimate of the foreign indebtedness of the U.S. government at the close of 1783. It recognizes that previous major studies providing estimates of this debt differ conceptually and also show some basic accounting deficiencies. The paper introduces a simple methodology for developing an estimate of the postrevolutionary debt, generates figures using this methodology, and finally updates the figures of the earlier major studies.

Date: 1979
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Persistent link: https://EconPapers.repec.org/RePEc:sae:pubfin:v:7:y:1979:i:1:p:70-91

DOI: 10.1177/109114217900700104

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