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Questions and Answers
During the Revolutionary War, the Continental dollars became worthless because
During the Revolutionary War, the Continental dollars became worthless because
- The states refused to increase taxes
- Congress refused to print more money
- The money was not backed by gold or silver (correct)
- Inflation did not occur
Who were the most affected by the worthless Continental dollars?
Who were the most affected by the worthless Continental dollars?
- Foreign investors
- Small business owners (correct)
- Large corporations
- Congress members
Why did Congress request the states to increase taxes?
Why did Congress request the states to increase taxes?
- To fund the Revolutionary War (correct)
- To support small business owners
- To print more paper money
- To stabilize the economy
What did most states do instead of increasing taxes?
What did most states do instead of increasing taxes?
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