Under Article of confederation the resources of the federal government were left to the states and without money, the central government could not sustain an army for the security of the states and could not compensate its war debt. Majorly two financial problems that could not be resolved under the articles of confederation are -
By 1787 the administration owed $40 million to foreign authorities and to American veterans who was still uncompensated after the Revolutionary War.
By 1786 The situations after the economic depression were left unsolved which caused aggression among many farmers and small merchants are outraged and still in debt.
Answer:
He changed the laws and removed states' privileges.
Answer:
a
Explanation:
their economy was bad at the end of WWII
Answer:
Contractionary phase
Explanation:
Keynesian Economic Theory state that government should increase demand to boost economic growth. Keynesian economists believe that the consumer demand is the driving force of economy hence they support expansionary fiscal policy. According to this theory the main tools to boost economy are unemployment benefits, infrastructure and education. John Maynard Keynes proposed deficit spending during the contrationary phase of business cycle.
