2. Continental Congress
1. Paper Notes
3. Inflation
Explanation:
- During the Revolutionary War, in order to finance the army led by General George Washington, the Continental Congress approved in 1775 the unlimited issuance of paper money, known as the "Continental".
- Because they were out of cover, they soon became worthless. Since then, there is even the phrase "Not worth a continental" in America
.
- With the signing of the Declaration of Independence, the word "United States" appeared on paper money for the first time, but because of the demise of the Continental, people were suspicious of that money.
- That is why the Continental Congress established the Bank of North America, the first commercial bank in Philadelphia in 1781, and introduced the dollar as a national currency four years later to replace those in the individual colonies. The dollar was forged in silver.
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Answer:
<u>China's official trade policies in the 1500's reflectedisolation. Profit-minded merchants smuggled cargoes of silk, porcelain, and other goods out of the country and into the eager hands of European merchants. ... Usually, Europeans paid for these purchases with silver.</u>
<em><u>During the period 1500-1800 Asian commodities flooded into the West. As well as spices and tea, they included silks, cottons, porcelains and other luxury goods. Since few European products could be successfully sold in bulk in Asian markets, these imports were paid for with silver.</u></em>
Explanation:
<h2>hope u get help from it.</h2>
Answer:
Three values that are important to the people who live and work in the new nation:
- Individual freedom
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Equality of opportunity
-
Material wealth
Explanation:
- Individual freedom : Freedom to the people who live and work in the New Nation means the desire and the right of all individuals to control their own destiny without outside interference from the government, a ruling noble class, the church, or any other organized authority. This desire to be free of controls was a basic value of the new nation, it is especially important to them because it teaches self reliance, they believe that they cannot be truly free if they can't be independent. They must be self reliant if they want to remain free. This means, for example, that children gain financial independence from their guardians as early as possible.
- Equality of opportunity: To the people of the New Nation this does not mean that everyone should be equal, to them it means that each individual should have an equal chance for success. For them, equality means that everyone should have an equal chance of winning. For example, equality of opportunity helps ensure that the race for success is a fair one and that a person does not win just because he or she was born into a wealthy family, or lose because of race or religion.
- Material wealth: People go to the New Nation to improve their standards of living due its abundance of natural resources. They are willing to work hard to gain material possessions, which they view as a natural reward for their hard work. Acquiring and maintaining a large number of material possessions is important to the people living and working in the New Nation because it is widely accepted indicator of social status there. due to their stand on being free they rejected European system of nobility, and consequently have to find their own, thus material wealth is used as a measure of social status in the New Nation.
