Question

What was one of the economic problems that the United States was facing during the 1790s

Answer 1

The federal and state governments needed to repay money they had narrowed to pay for the Revolutionary War.

Answer 2

1. Economy in the1790s was in a bad shape after war in 1780s.
2. Exports to Britain was restricted as USA was fighting Britain at that time.
3. British law banned trade with Britain's remaining sugar colonies in Caribbeans.
4. Britain exported cheaper manufactured products to USA than comparable American made goods,this made post war economic crash even worse.
5. States in USA had taken debt to fund war,this led to speedy inflation.Paper money issued during war was virtually worthless.
6. Britain kept to occupy forts in the old northwest,in violation of the peace treaty of 1783.
7. Spain refused to recognise the southern and western boundaries and this affected trade with Spain.