How was the creation of money handled under the Articles of Confederation?

A. In the confederate system, each state created its own money.
B. The federal government alone created money.
C. Each state and the national government created money.

Question

10-07-2024
History

Answered

How was the creation of money handled under the Articles of Confederation?

A. In the confederate system, each state created its own money.
B. The federal government alone created money.
C. Each state and the national government created money.

Answer :

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GinnyAnswer GinnyAnswer · Answer 1 · 2024-07-10T10:12:43-04:00

Final answer:

Under the Articles of Confederation, money creation was decentralized with both the national government and individual states having the authority to issue currency.

Explanation:

Under the Articles of Confederation, the creation of money was handled in a decentralized manner. While the national government had the power to coin money, each state was also allowed to create its own currency. This led to issues such as rapid depreciation of paper money and a lack of uniformity in the monetary system.

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How was the creation of money handled under the Articles of Confederation?A. In the confederate system, each state created its own money.B. The federal government alone created money.C. Each state and the national government created money.

Answer :

Final answer:

Explanation:

Learn more about Money Creation under the Articles of Confederation here:

Other Questions

How was the creation of money handled under the Articles of Confederation?

A. In the confederate system, each state created its own money.
B. The federal government alone created money.
C. Each state and the national government created money.