The national debt fell into three categories after the American Revolution the first was the $12 million owed to foreigners mostly money borrowed from France There was general agreement to pay the foreign debts at full value the national government owed $40 million and state governments owed $25 million to Americans who had sold food horses and supplies to the Patriot forces There were also other debts which consisted of promissory notes issued during the war to soldiers merchants and farmers who accepted these payments on the premise that the new Constitution would create a government that would pay these debts eventually. . . . . .
. 10 References Washington proclaimed November 26 as a day of Thanksgiving in order to encourage national unity "It is the duty of all nations to acknowledge the providence of Almighty God to obey His will to be grateful for His benefits and humbly to implore His protection and favor." He spent that day fasting and visiting debtors in prison to provide them with food and beer.
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