The economic roots of the Civil War reach almost to the beginning of English settlement in North America. The development of an economy based on the use of slave labor to produce staple crops through a plantation system in the South and a more diverse economy in the North based on free labor set the stage for the development of two economies within one country. Increasingly after 1800, the needs of these two economies were incompatible.
United states intelligence community
Local strongmen in Latin American nations were known as "Caudillos", and these were the people most likely to rise to power through military means.
If Connecticut and Rhode island each have their own currency, then it would be more difficult to trade and enact federal monetary policy.
<h3>What happens if states have their own currencies?</h3>
If states like Connecticut and Rhode island had their own currencies, it would lead to a situation where trade between the two states is harder because the currencies would have to be converted before they are used to trade. This might reduce the volume of trade between the two states if the process is difficult.
Connecticut and Rhode island having their own currencies would also make it difficult for the Federal Reserve to enact a unified monetary policy that is based on the U.S. Dollar which would make it harder to manage the economy.
Find out more on monetary policy at brainly.com/question/13926715
#SPJ1
July 4th 1776, is when the United States officially began. (:
