Question

Read and note one one of one way that this big problem is causing difficulty in the early United States .

From a letter from the Chief of the Treasury to the
President of Congress:
It is important that Congress should know their true
situation that there is no hope of any further monetary aid
from Europe.
We have no right to hope, much less to expect the aid of
others, while we show so much unwillingness to help
ourselves. It can no longer be a doubt to Congress that our
credit is gone. It was very easy to foresee that this would be
the case, because a man must be blind to not see that credit
can not long be supported without funds to pay it back.
So, Congress cannot borrow, and the States will not pay. I
can not presume to advise. The plans which I did suggest
were not accepted. I hope, therefore, that some abler mind
will point out the means to save our country from ruin.

Answer 1

So, Congress cannot borrow, and the States will not pay. I

can not presume to advise. The plans which I did suggest

were not accepted. I hope, therefore, that some abler mind

will point out the means to save our country from ruin.