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American ships were not taxed as much as foreign ships, however. The issues of taxation and raising money also brought into play bigger issues, such as whether the United States should favor Britain or France in their economic policies, whether they should maintain taxation even at the expense of farmers, and whether the interests of northern manufacturers should be their biggest concern. The Tonnage Act was the beginning of increased revenue in the America, but a sound fiscal discipline was far from having been created.
Another issue that was controversial was the establishment of a public credit system and paying the national debt...
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Common topics in this essay:
- National Debt and Budget Deficit
- National Debt
- The Major Challenges Of The Canadian Federal Government: The National Debt And, Trade / Economic Growth
- The National Debt
- The Public Debt of the United States
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