Which explains the monetary policy weakness in the Articles of Confederation?
Understand the Problem
The question is asking for an explanation regarding the weaknesses in monetary policy outlined in the Articles of Confederation. It seems to be testing knowledge of historical facts related to the monetary authority of states during that period.
Answer
The states had the authority to create and print their own currency.
The states had the authority to create and print their own currency.
Answer for screen readers
The states had the authority to create and print their own currency.
More Information
The Articles of Confederation allowed each state to create its own currency, leading to fragmentation and lack of economic cohesion. This lack of a unified monetary policy weakened the federal government’s ability to regulate commerce effectively.
Tips
Avoid assuming a centralized monetary system; the Articles provided much autonomy to states.
Sources
- Explanation on monetary policy weakness - Study.com - homework.study.com
AI-generated content may contain errors. Please verify critical information
