Guilds performed a variety of important functions in the local economy. They established a monopoly of trade in their locality or within a particular branch of industry or commerce; they set and maintained standards for the quality of goods and the integrity of trading practices in that industry; they worked to maintain stable prices for their goods and commodities; and they sought to control town or city governments in order to further the interests of the guild members and achieve their economic objectives.
<h3><em><u>Correct answer choices are:</u></em></h3><h2>The federal government was not given the power to regulate trade</h2><h2>The federal government needed approval of the states to collect taxes</h2><h2>The state and national currencies competed with each other</h2><h3><em><u>Explanation:</u></em></h3>
A panic of central government restrained the formulation of such a control, and broadly experienced political theory believed that a self-government could not sufficiently assist a huge country such as the United States. The representatives of a vast republic would be incompetent to settle in touch with the people they impersonated, and the republic would surely decline into a oppression. To several Americans, their union looked to be solely an alliance of confederated states, and their Congress a strategic association, serving thirteen independent republics.
As the midpoint of the Revolutionary War, Washington had proposed amending the Articles of Confederation. Especially, he recognized the rules of the national government had to be established so it could raise revenues and improve trade. The Articles did not support Congress to tax. It was up to the states when they needed to supply funds to the central administration. As a consequence, Congress had to obtain funds to finance the war. The federal mortgage skyrocketed, ending in a crippling rise and inflation. Paper currency was useless.
The US started making hydrogen bombs when the USSR succeeded in creating an atomic bomb. The United States used to have the largest bomb, but when the USSR surpassed them, the US decided to create a better bomb (theorized to be hundreds of times larger than any nuclear bomb ever made).
