We have had many great presidents during the early years of the nation. George Washington, Thomas Jefferson, and James Monroe were among them. During the early years of Washington's presidency, the country was in national debt. After the war the country owed masses of money. The country owed $81,497,000, but it was on receiving a total income of $4,419,000. Now, the government borrowed money through bonds. A bond is a certificate that promises to repay the money loaned, plus interest, on a certain date. Alexander Hamilton came up with a plan to repay both federal and state debts. …
