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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D.), because that allowed factory workers to work night shifts as well. It's not A.), because that happened during the first Industrial Revolution came about and trains became widespread. B.) doesn't make sense, because you really can only harvest in the daylight, and there's nowhere to put a light bulb. C.) is more of an effect of D.)
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