What were the financial challenges faced by the new confederation government?

1 answer:

4 0

One financial problem centered around the fact that the Confederation Congress lacked the ability to pass laws to collect tariffs. Also, they started to print paper money, but since there wasn't a store of silver or gold to back it up, the money had no real value. A third issue that doomed the economy was the large debt that had been incurred during the war.

You might be interested in

What was Osama bin Laden BEST known for?

leonid [27]

A. Osama bin Laden was a terrorist extremist who planned terrorist attacks such as the one on the world trade center & was determined to stop western influence from reaching the Muslim world.

4 0

3 years ago

Read 2 more answers

What three compromises were made regarding slavery?

Cerrena [4.2K]

Answer:

The primary compromises made during the convention were, the Three-Fifths Compromise, the Commerce and Slave Trade Compromise, and the Great Compromise. Boasting about twenty percent of the U.S. citizen population in 1787, slaves were a noticeable presence, and a critical subject of discussion for the delegates of the Constitutional Convention.

Explanation:

4 0

2 years ago

Read 2 more answers

Which statement describes a cause of skewed data?

allsm [11]

Answer:

Explanation:

3 0

2 years ago

Who convinced the railroad officials that it was possible to build a railroad line across the Sierra Nevada Mountains?

mamaluj [8]

Theodore Judah was the person who convinced the railroad officials that it was possible to build a railroad line across line across the Sierra Nevada Mountains.He is also considered as the "Father of first Transcontinental Railroads.Judah had many opportunities that the people prior to him did not have.

5 0

3 years ago

Which of the following are considered command economies? Select all that apply

Ainat [17]

The option (B) and (E) are correct. Communism and Socialism are considered command economies.

Further Explanation:

Command Economy:

Command economy is the economy in which a, and all the prices of the products in an economy are determined by the government.

Communism is considered as a command economy because the ideology of communism states that all the property of the country should be controlled by the government and the private ownership should be minimum.

Socialism is also considered as a command economy because its ideology states that the government should control all the production activities in the country. It allows the private ownership of the property. It makes it a command economy because all the activities are carried out by the government.

Thus, communism and socialism are considered as a command economy.

Learn more:

1. Learn more about the demand curve

brainly.com/question/8794304

2. Learn more about the supply curve

brainly.com/question/2195487

3. Learn more about government intervention

brainly.com/question/6156396

Answer details:

Grade: Middle School

Subject: Economics

Chapter: Types of Economy