One of the biggest problems was that the national government had no power to impose taxes. To avoid any perception of “taxation without representation,” the Articles of Confederation allowed only state governments to levy taxes. To pay for its expenses, the national government had to request money from the states.The major downfall of the Articles of Confederation was simply weakness. The federal government, under the Articles, was too weak to enforce their laws and therefore had no power. The Continental Congress had borrowed money to fight the Revolutionary War and could not repay their debts.The Articles created a loose confederation of sovereign states and a weak central government, leaving most of the power with the state governments. The need for a stronger Federal government soon became apparent and eventually led to the Constitutional Convention in 1787
The major reason why the <em>lack of unified currency</em> under the Articles of Confederation <em>caused problems</em> for the new nation was:
- The government could not collect taxes
According to the given question, we are asked to state the major reason why the <em>lack of unified currency</em> under the Articles of Confederation <em>caused problems</em> for the new nation.
As a result of this, we can see that because of the lack of unified notes, the government could not collect taxes which were <em>necessary to maintain</em> <em>their military </em>and the economy also suffered as a result.
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East Timor.
East Timor had been colonized by Portugal in the 16th century and remained under Portuguese control until 1975. Within days after declaring its independence from Portugal in 1975, East Timor was overtaken by military forces from Indonesia and was annexed as a province of Indonesia the following year. With the United Nations urging self-determination, East Timor became an independent nation in 2002, no longer under Indonesian control.
The first main reason was most of the market was based solely on credit, which was stock that was purchased without actual cash, but purchased on credit.
The second factor was the massive pull out by many investors due to a panic that caused the Banks to attempt to purchase these stocks leading to a complete collapse in the market.
After that death, the Austria-Hungarian empire wanted full military access to the territories of Serbia, under the pretense that they would use it to investigate the murder. Since it was an ultimatum, the Serbians denied them access and Austria-Hungary declared war. Since they were against them, many forces allied with Serbia and wanted to fight against Austria-Hungary and Germany, who were allies in the war. They were joined by many nations such as Russia, USA, Britain, France, Japan, Italy, and many others, while the Axis forces were joined by Bulgaria and the Ottoman Empire.