When the state often ignores the agreements laid by the central government this leads to the weakening of the central government as other countries doubted the integrity and strength of the central government.
The Articles of Confederation was a kind of agreement which was between 13 U.S. states and this agreement served as the first frame of the government in the United States of America. This agreement got its approval after a lot of debate that took place in congress. The articles which were proposed in the agreement created havoc as it weakened the central government and there was a strong confederation of the sovereign states. Due to this article, there became a need for a stronger Federal government. The articles failed due to many reasons. The primary one was that each state had only one vote in congress irrespective of its size.
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Money is used by the producer in order to purchase the material needed. Also, it is needed to acquire labor for the production. The consumer needs the money to purchase the product produced by the producer. Hope this helps. Have a nice day.
Answer:
The 1913 Federal Reserve Act is legislation in the United States that created the Federal Reserve System. 1 Congress passed the Federal Reserve Act to establish economic stability in the U.S. by introducing a central bank to oversee monetary policy.
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