Interesting article...
How was the Revolutionary War paid for?
http://allthingsliberty.com/2015/02/how-was-the-revolutionary-war-paid-for/
It’s one thing to make speeches about declaring independence, or to assemble militias and discuss battle tactics against the enemy.
It’s quite another thing to pay for it all.
So how do you pay for a war that no one expected to last eight years?
Great Britain possessed world-wide colonies, tremendous wealth, the ability to tax its subjects, and excellent credit ratings in the well-established world credit market. But how did the fledgling American confederation of 13 states and a weak Congress go about funding their own rebellion?
History books and many teachers will imply that the French money and supplies before and after the Battles of Saratoga made all of the difference in America winning the war. While the French assistance certainly helped, it actually did a disservice to the Americans who basically paid for their own rebellion… the merchants, suppliers, planters and growers, average families, and of course the soldiers of the Continental Army. Let’s look at the total picture of how the War for Independence was paid for – 100 percent of which was paid for by Americans themselves through taxes, bonds, IOUs, and by paying off all foreign loans.
(More at above url)
How was the Revolutionary War paid for?
http://allthingsliberty.com/2015/02/how-was-the-revolutionary-war-paid-for/
It’s one thing to make speeches about declaring independence, or to assemble militias and discuss battle tactics against the enemy.
It’s quite another thing to pay for it all.
So how do you pay for a war that no one expected to last eight years?
Great Britain possessed world-wide colonies, tremendous wealth, the ability to tax its subjects, and excellent credit ratings in the well-established world credit market. But how did the fledgling American confederation of 13 states and a weak Congress go about funding their own rebellion?
History books and many teachers will imply that the French money and supplies before and after the Battles of Saratoga made all of the difference in America winning the war. While the French assistance certainly helped, it actually did a disservice to the Americans who basically paid for their own rebellion… the merchants, suppliers, planters and growers, average families, and of course the soldiers of the Continental Army. Let’s look at the total picture of how the War for Independence was paid for – 100 percent of which was paid for by Americans themselves through taxes, bonds, IOUs, and by paying off all foreign loans.
(More at above url)