Not all countries print their own money. A country can only print money if it is in control of its currency like Japan and the US. One country that cannot print money is Greece because they are not in control of the Euro.
Normal banks cannot print currency of their own. Only the government can do so. Also, governments are very cautious about printing new currency because overprinting can have catastrophic effects on the nations economy. Hence almost all country's try to print only as much extra currency as the country would need.
(in the US) No, it is not. By law, only the federal government can issue money.
The United States Department of the Treasury is the branch of the government that is allowed to print and mint all currency. This department was established in 1789 to manage government revenue.
Articles of Confederation
There are many reasons, but the most compelling reason is that if states could print their own currency there would be chaos with not only interstate trade, but also international trade. This is why 16 countries in Europe use a common currency - the Euro.
There are many reasons, but the most compelling reason is that if states could print their own currency there would be chaos with not only interstate trade, but also international trade. This is why 16 countries in Europe use a common currency - the Euro.
There are many reasons, but the most compelling reason is that if states could print their own currency there would be chaos with not only interstate trade, but also international trade. This is why 16 countries in Europe use a common currency - the Euro.
ANSWER:During the 1820's the government of the United States printed currency, as it does today. It was good, and was accepted in every state.But, with the American Civil War, the United State continued to print currency, but, the Confederate States of America decided to print their own currency. This being the fact, that they were no longer part of the Union.However, over a period of time, the Confederate currency would not be worth the paper it was printed on, and United States currency would be hard to come by in the South.
Yes. It even went to the extent to where each state could print its own currency causing minor inflation.
No, only the federal government has the authority to issue currency in the United States. Each state is not allowed to print its own kind of paper money.
Not all countries print their own money. A country can only print money if it is in control of its currency like Japan and the US. One country that cannot print money is Greece because they are not in control of the Euro.
the national gov. had too much power in some areas and the states had to much power in others. for example, the states had the power to print their own currency, which led to confusion for travelers because they had to stop and trade one states coins for anothers.
the national gov. had too much power in some areas and the states had to much power in others. for example, the states had the power to print their own currency, which led to confusion for travelers because they had to stop and trade one states coins for anothers.
the national gov. had too much power in some areas and the states had to much power in others. for example, the states had the power to print their own currency, which led to confusion for travelers because they had to stop and trade one states coins for anothers.
Normal banks cannot print currency of their own. Only the government can do so. Also, governments are very cautious about printing new currency because overprinting can have catastrophic effects on the nations economy. Hence almost all country's try to print only as much extra currency as the country would need.
the national gov. had too much power in some areas and the states had to much power in others. for example, the states had the power to print their own currency, which led to confusion for travelers because they had to stop and trade one states coins for anothers.