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Triss [41]
3 years ago
5

An explanation of the powers that Congress has under the Articles of Confederation

History
1 answer:
scoray [572]3 years ago
3 0
Congress had the power to establish laws (but not enforce them), declare war (plus make peace), and had control over the postal service. So there you go.
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The strategy that Germany used was the mass printing of bank notes to buy foreign currency, which was then used to pay reparations, which greatly exacerbated the inflation of the paper mark. Essentially, all of the ingredients that went into creating Germany's hyperinflation can be grouped into three categories: the excessive printing of paper money; the inability of the Weimar government to repay debts and reparations incurred from World War I; and political problems, both domestic and foreign.

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Everyone who had debt benefited from hyperinflation because Mark-denominated debt became worthless. A 100,000 German Mark loan in 1918 - a hefty sum - was worth just . 01% of its initial value by 1923. That would be like taking out a $100,000 loan in 2016 and paying it off with a $1.00 bill in 2021.

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C IS THE ANSWER
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