Consolidating debt thru the federal gov
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The French Government began to secretly ship war materiel to the American revolutionaries in late 1775. In addition, the United States began to make regular payments on in its French debts starting in 1790, and also provided an emergency advance to assist the French in addressing the 1791 slave revolt that began the .
This was accomplished by establishing dummy corporations to receive French funds and military supplies. Although the federal government was able to resume debt payments, total federal expenditures exceeded revenues during many years in the 1790s. finances had been shaky under the Articles of Confederation, the United States was able to place itself on a sound financial footing during the 1790s.
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