Nutmeg was one of the things they produced. Another was paint,clothing,glass and several other products they expected the american colonies to buy.
Democracies are pretty popular amongst Latin American countries. <span />
The problem was that the confederation printed it without thinking much about it which resulted in there being a lot of it and it essentially became worthless because they printed money when they needed it instead of growing the economy. Trading partners became wary and stopped trading with them.
cotton was involved in the trade with tobacco also