How Our National Debt Can Be Paid: The Wealth, Resources, And Power Of The People Of The United States (1865)

""How Our National Debt Can Be Paid: The Wealth, Resources, And Power Of The People Of The United States"" is a book written by Jay Cooke in 1865. The book presents a solution to the problem of the national debt of the United States, which had accumulated during the Civil War. Cooke argues that the wealth, resources, and power of the American people can be harnessed to pay off the debt.The book is divided into four parts. The first part provides an overview of the national debt and its history. The second part discusses the wealth and resources of the United States, including its natural resources, agriculture, industry, and commerce. Cooke argues that these resources can be used to pay off the debt.The third part of the book presents a plan for paying off the debt. Cooke proposes the creation of a national loan, which would be funded by the people of the United States. He argues that this loan would be a patriotic duty, and that it would be in the best interest of the country to pay off the debt as quickly as possible.The final part of the book addresses objections to Cooke's plan, including concerns about inflation and the burden of debt on future generations. Cooke responds to these objections and argues that his plan is the best solution to the problem of the national debt.Overall, ""How Our National Debt Can Be Paid"" is a detailed and persuasive argument for paying off the national debt of the United States. Cooke's plan is rooted in an optimistic view of the country's resources and its people's willingness to contribute to the common good. The book provides a fascinating insight into the economic and political debates of the post-Civil War era.This scarce antiquarian book is a facsimile reprint of the old original and may contain some imperfections such as library marks and notations. Because we believe this work is culturally important, we have made it available as part of our commitment for protecting, preserving, and promoting the world's literature in affordable, high quality, modern editions, that are true to their original work.