Americans in the 18th century were likely to be in debt for various reasons. Which of the following best explains why?

A. Because trade was not always a reliable source of income.
B. Because credit was easily available.
C. As a result of inflation.
D. Due to the lack of consistent currency.

Debt was a prevalent issue among Americans in the 18th century due to various factors such as the unreliable nature of trade, availability of credit, inflation, and lack of consistent currency. British imperial policies and post-war economic challenges further exacerbated the debt situation, leading to financial struggles for many individuals, especially farmers.

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Americans in the 18th century were likely to be in debt for various reasons. Which of the following best explains why?A. Because trade was not always a reliable source of income.B. Because credit was easily available.C. As a result of inflation.D. Due to the lack of consistent currency.

Answer :

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Other Questions

Americans in the 18th century were likely to be in debt for various reasons. Which of the following best explains why?

A. Because trade was not always a reliable source of income.
B. Because credit was easily available.
C. As a result of inflation.
D. Due to the lack of consistent currency.