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

Question

The Spanish-American War

the Revolutionary War

World War I

the War of 1812

Answer 1

Most states were in debt after the Declaration of Independence primarily due to the Revolutionary War. The war required significant financial resources, and both the Continental Congress and individual states incurred substantial debt to fund military efforts against Great Britain. After the war, many states struggled to repay these debts, leading to financial instability and economic challenges in the post-war period.