U.S. Debt Structure in 1790
Composition of debt consolidated under the Funding Act of 1790, estimated in contemporary dollars
Total Consolidated DebtApprox. $79 million
Federal Debt (Foreign + Domestic)Approx. $54 million
State Debt Subject to AssumptionApprox. $21.5 million
Federal Government Annual Revenue (1790)Approx. $4 million
Figures are historical estimates commonly cited across literature and may vary slightly depending on the source ยท Based on Hamilton's "First Report on Public Credit" (1790) and the Funding Act of 1790