What caused most states to be in debt after the Declaration of Independence?

World War I

the Revolutionary War

the War of 1812

The Spanish-American War

1 answer

Most states were in debt after the Declaration of Independence primarily due to the Revolutionary War. The war required significant financial resources to fund military operations, which led states to borrow money and incur debts in order to support their efforts against Great Britain. After the war, many states struggled to repay these debts, contributing to economic instability in the early years of the United States.