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vagabundo [1.1K]
3 years ago
11

Why did continental dollars become worthless ?

History
1 answer:
harkovskaia [24]3 years ago
7 0

Answer:

Continentals refers to paper currency issued by the Continental Congress in 1775 to help fund the American Revolutionary War. Continentals quickly lost value, partly because they were not backed by a physical asset like gold or silver, but also due to the fact that too many bills were printed

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This war occurred between England and France between the years 1756 and 1763. It was a war for possession of territories in North America and England was victorious. Even so, the metropolis decided to recover the losses of the colonists' battles that inhabited, mainly, the colonies of the north. With the rise of metropolitan taxes and taxes, settlers made protests and demonstrations against England.

The British King, George III, continued to adopt increasing restrictive measures, especially after the First Congress in Philadelphia in 1774. The colony revolt was boosting, which influenced the independence process.

In 1776, settlers gathered at the Second Congress in Philadelphia aiming to achieve  independence. During the congress, Thomas Jefferson drafted the Declaration of Independence of the United States of America. However, England did not accept the independence of its colonies and declared war. The War of Independence, which occurred between 1776 and 1783, was won by the United States with the support of France and Spain.


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