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Each state produced their own money under the articles and that was a major problem. There was no national currency.
it was not backed by gold silver or landIt was not backed by gold, silver, or land.
The Articles of Confederation gave individual states the power to issue their own currency, which led to a lack of uniformity. Each state had different types of currency with varying values, making it difficult to determine the worth of money when conducting interstate trade. This confusion undermined the stability and reliability of the currency system under the Articles of Confederation.
The government did not have the right to tax the citizens.
Under the articles of confederation there was no central government and that is what the problem was with it. The was a confederation of states and each state saw itself as an individual place rather than one of many. They,printed their own money, charged fees at state lines, argued with each other over state boundaries and this didn't work.
Each state produced their own money under the articles and that was a major problem. There was no national currency.
it was not backed by gold silver or landIt was not backed by gold, silver, or land.
The Articles of Confederation gave individual states the power to issue their own currency, which led to a lack of uniformity. Each state had different types of currency with varying values, making it difficult to determine the worth of money when conducting interstate trade. This confusion undermined the stability and reliability of the currency system under the Articles of Confederation.
The government did not have the right to tax the citizens.
The Articles of Confederation did not provide Congress any power to collect or generate tax revenue to pay off the war debt. It also was very weak in its power to regulate imports and exports.
Each state printed it's own money and it had different values. Crossing from one state to another meant that a person would have to carry money for both states.
Under the articles of confederation there was no central government and that is what the problem was with it. The was a confederation of states and each state saw itself as an individual place rather than one of many. They,printed their own money, charged fees at state lines, argued with each other over state boundaries and this didn't work.
Because each state made laws collected taxes and printed money
Greenbacks
Greenbacks
Because the Articles of Confederation yielded too much power to the states than the national government. In federalism, the national government and state governments share power but the national government is supreme.
Currency is printed based on the economical growth i.e., currency is printed for the profit of the year