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How and when money is printed in a economy?
Congress
Money may be coined or printed only by?
the congress
Money can be coined or printed only by?
congress
Money may only be coined or printed by whom?
congress
What the first money printed by Congress called?
A Continental.
Why was it necessary for the second continental Congress to print it's own money?
The second continental congress printed its own money to pay for guns, food, and uniforms for soldiers.
What problems that faced the Continental Congress during 177517761777?
Financial Burdens'Paying for the war was a difficult task. Congress had limited resources. With no power to tax, Congress had to plead with the states for money. However, the states had little money themselves.To pay and supply troop, Congress printed continentals, paper money. But the more money Congress printed, the less the money was worth. By the end of the war, paper money had lost almost all its value. Something worthless was said to be "not worth a continental."'
What happened after congress and the states printed hundreds of millions of dollars worth of paper money to pay for the war?
Id
Where is money printed?
Money is printed at the MINT
What is the effect if the cause is congress printed more currency?
If Congress printed more currency, the immediate effect would be an increase in the money supply. This could lead to inflation as there would be more money chasing the same amount of goods and services. Additionally, it could potentially devalue the currency and erode purchasing power.
What is called where the money is printed?
Money is printed at a "mint."
Why did the continental congress have difficulty raising money?
The Congress negotiated with foreign nations, established a postal system, borrowed money to support the army, and printed currency known as "continentals." However, the government's poor finances led to the expression "not worth a continental." Since the Continental Congress lacked any formal constitution,
