Lucrative investment in Revolutionary War bonds
Finance - Revolutionary War Bonds
About This Innovation
Adams took responsibility for the family's financial matters, including investments. Her investments made through her uncle Cotton Tufts in debt instruments issued to finance the Revolutionary War were rewarded after Alexander Hamilton's First Report on the Public Credit endorsed full federal payment at face value to holders of government securities. One recent researcher credits Abigail's financial acumen with providing for the Adams family's wealth through the end of John's lifetime.
The Invention
None
Key Information
Category:
Finance - Revolutionary War Bonds
Completion Status:
yes
Patent Number:
N/A
Co-Inventor:
None
Patent Information
Patent Number: N/A
Technical Specifications
N/A
Collaboration
Co-Inventor: None
