Answer:
Monarchy abolished in France. ... In 1789, food shortages and economic crises led to the outbreak of the French Revolution. King Louis and his queen, Mary-Antoinette, were imprisoned in August 1792, and in September the monarchy was abolished.
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*eliza*
To pay these debts, Hamilton proposed that the federal government sell bonds—federal interest-bearing notes—to the public. ... Hamilton designed his “Report on Public Credit” (later called “First Report on Public Credit”) to ensure the survival of the new and shaky American republic.
