Why did the framers believe it was crucial for the national government to have the power to print and coin money?
Understand the Problem
The question is asking why the framers thought it was important for the national government to have the authority to print and coin money, which relates to their views on governance and economic stability.
Answer
To ensure a stable, uniform currency across the nation.
The framers believed it was crucial for the national government to have the power to print and coin money to ensure a stable and uniform currency across the nation. This helped facilitate trade and commerce, preventing the economic chaos caused by each state having its own currency.
Answer for screen readers
The framers believed it was crucial for the national government to have the power to print and coin money to ensure a stable and uniform currency across the nation. This helped facilitate trade and commerce, preventing the economic chaos caused by each state having its own currency.
More Information
A national currency under a centralized authority helped prevent inflation and economic instability caused by competing state currencies.
Tips
A common mistake is thinking that states could maintain separate currencies without issue. Uniform currency was key to economic cohesion.
Sources
- Challenges of the Articles of Confederation - Khan Academy - khanacademy.org
- ArtI.S8.C5.1 Congress's Coinage Power - Constitution Annotated - constitution.congress.gov
- 3a. The Founders and Federalism - USHistory.org - ushistory.org
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