This bar graph shows the total debt owed by the United States in 1790 for the costs of the Revolutionary War. A bar graph showing the total Federal and State debts owed by the U S in 1790 for the costs of the Revolutionary War. Federal debt in millions of dollars is a little more than 50 million. State debt is about 25 million dollars. Which statement best explains the information presented on this graph?
The federal debt was more than double the amount owed by all of the states combined.
The federal debt was likely to equal the amount owed on the state level within a year.
The state debt was likely to exceed the amount owed on the federal level within a year.
The total debt on both the state and federal levels was nearly $200 million.