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6min chapter
Founding Finance with William Hogeland
The Dig
The Newberg Crisis
In 1783, Robert Morris and Alexander Hamilton were trying to get a tax on imports passed. The idea was to use it as a wedge for other taxes that would fund the bondholding class. They got into trouble when they tried to pass an import tax in Philadelphia. In response, some officers of the Continental Army threatened not to lay down their arms unless they received pay.
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