Public Credit Act
PUBLIC CREDIT ACT
PUBLIC CREDIT ACT. The Public Credit Act was a federal statute enacted after Alexander Hamilton's "First Report on the Public Credit" of 14 January 1790. The act provided for the payment of the government's obligations at par with interest (except that Continental currency was to be redeemed at a hundred to one in specie); the assumption of state debts for services or supplies during the American Revolution; and the authorization of loans to meet these obligations. The act was approved 4 August 1790. The act helped get the support of security holders for the new government.
Ferguson, E. James. The Power of the Purse: A History of American Public Finance, 1776–1790. Chapel Hill: University of North Carolina Press, 1961.
James D.Magee/a. r.
"Public Credit Act." Dictionary of American History. . Encyclopedia.com. (May 29, 2017). http://www.encyclopedia.com/history/dictionaries-thesauruses-pictures-and-press-releases/public-credit-act
"Public Credit Act." Dictionary of American History. . Retrieved May 29, 2017 from Encyclopedia.com: http://www.encyclopedia.com/history/dictionaries-thesauruses-pictures-and-press-releases/public-credit-act
Encyclopedia.com gives you the ability to cite reference entries and articles according to common styles from the Modern Language Association (MLA), The Chicago Manual of Style, and the American Psychological Association (APA).
Within the “Cite this article” tool, pick a style to see how all available information looks when formatted according to that style. Then, copy and paste the text into your bibliography or works cited list.
Because each style has its own formatting nuances that evolve over time and not all information is available for every reference entry or article, Encyclopedia.com cannot guarantee each citation it generates. Therefore, it’s best to use Encyclopedia.com citations as a starting point before checking the style against your school or publication’s requirements and the most-recent information available at these sites:
Modern Language Association
The Chicago Manual of Style
American Psychological Association
- Most online reference entries and articles do not have page numbers. Therefore, that information is unavailable for most Encyclopedia.com content. However, the date of retrieval is often important. Refer to each style’s convention regarding the best way to format page numbers and retrieval dates.
- In addition to the MLA, Chicago, and APA styles, your school, university, publication, or institution may have its own requirements for citations. Therefore, be sure to refer to those guidelines when editing your bibliography or works cited list.