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Dmitriy789 [7]
3 years ago
9

Pros and Cons of the Stamp Act

History
1 answer:
sertanlavr [38]3 years ago
7 0
Pros-it was good way to get money.
Cons-the british charged a lot of money
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1. What might be the costs of having such a large national debt?

When a country has a very large debt like the U.S., people may think that the country will not be able to pay off the debt. It's the same situation as a person who has a lot of debt, even more debt in a year than income in a year: people will believe that he or she will probably not be able to pay off the debt.

When this happens, people will invest less in the economy, the debt will become more expensive because the interest rate will be higher, and this in turn could lead Congress to enact policies such as tax hikes or debt renegotiations, which are always negative for an economy.

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