Which best describes the economic problems facing South Carolina under the Articles of Confederation?

Social Studies

1 answer:

bezimeni [28]3 years ago

6 0

Answer:

B. Debt and economic depression

Explanation:

South Carolina used to be one of the wealthiest state in America. But after the British government accumulated a lot of debt from its war against pother European countries, they start to increase the tax for products that was sold in American Colonies.

This massively impacted South Carolina's economy.

The increase in Tax made the businesses in South Carolina unable to maintain a healthy level of profit. Eventually, they succumbed to Debt and Economic depression prior to the creation of Articles of Confederation.

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