Power of the states and the South's desire to keep slavery.
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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Congressional Reconstruction restricted eligibility for participation in the state constitutional conventions in the South. Presidential Reconstruction was run by the president. The president who at the time was Abraham Lincoln made it up.
The western and eastern Sierra Nevada have substantially different species of plants and animals, because the east lies in the rain shadow of the crest. The plants and animals in the east are thus adapted to much drier conditions.
