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No, its against the constitution.
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∙ 11y ago
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The constitution forbids states to coin money?
yes, a state can not make their own money
Why can't states coin money?
Making money is the right of the federal government. We have 50 states in the USA. If 50 states made their own money, it would be a mess.
Why are the states not allowed to coin money?
Section 10 of the U.S. Constitution does not permit states to issue their own money.
Why did the articles of confederation not allow the stats to coin their own money?
The Articles of Confederation did allow individual states to coin their own money. This was one of the primary problems with the Articles. The United States Constitution, however, did not allow states to coin their own money. The reason for this is that there was no efficient way of determining the value of one state's currency in relation to another state's. Printing money is different than coining money, however, as coining money means establishing a new unit of currency, while printing money simply means the actual production of those units. When states began printing their own money, this caused problems of inflation, as the value of money depreciated.
Can individual states in the US coin money?
No
Can states coin money if it is backed by gold?
No. None of the states have a legal right to coin money. Only the federal government can do this. The US ceased to use gold as a standard for money in 1933.
What are two additional limitationals placed on the states by the constitution?
1. cannot make treaties with other countries2. cannot coin there own money
What are two additional limitation place on the states by the constitution?
1. cannot make treaties with other countries2. cannot coin there own money
What does it mean to coin money?
Coining money means to make money.before the united states was fully "united" lets say, all the states had their own kind of money, this led to mass confusion. the government then decided that states would be prohibited to coin money. after that, only gold and coins were legally issued. banks gave out bills for the coins, but it was not technicallylegal.eventually the bills became legal and evolved into what we have today.
When Article The Constitution forbids the states to?
States cannot unilaterally enter into any treaty, alliance, or confederation.Among other things, declaring war and concluding peace cannot be done by individual states. States cannot individually negotiate treaties or pacts with other nations. There are some restrictions on how they handle recognition of laws passed by other states. It gets rather complicated given various Supreme Court decisions that have been made over the years. The Constitution also forbids states to coin money.
What are two additional limitations placed on the state states by the constitution?
1. cannot make treaties with other countries2. cannot coin there own money
Can the states coin money as long as itis backed by gold?
no
