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The colonies did not have a strong central government or any means to levy and collect taxes. The individual colonies also had weak governments and since taxation was one of the causes of the revolution, it was politically very difficult to levy and collect taxes. Also many of the colonists lived almost at the subsistence level, so hard money was scarce. However, the war, like all wars, cost a lot of money and demanded immediate expenditures for several years. Therefore, the government borrowed a lot of money and printed paper money which was not backed up by anything but faith in the government to pay someday.
Wiki User
∙ 11y ago
Wiki User
∙ 11y agoMost people dont know this answer. The taxes caused a great debt. The borrowing of money also caused the crisis
Wiki User
∙ 9y agoThe financial crisis after the Revolutionary War was caused by the debt that had accumulated from the war itself. The U. S. owed millions of dollars to countries such as France.
Wiki User
∙ 15y agoUm I dont know
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What cause the crisis after the revolutionary war?
Most people dont know this answer. The taxes caused a great debt. The borrowing of money also caused the crisis
Website about the Revolutionary War About the revolutionary All the caused for the Revolutionary War Cause of Revolutionary War Causes of American Revolutionary War Causes of Revolutionary War Causes?
Pie
What caused the depression after the Revolutionary War?
no
What were the caused the Revolutionary War?
freedom and political and ecomomic conflicts had a BIG play in the revolutionary war.
What was the crisis during the American revolutionary war?
the amercans were sick and tired of paying for taxes.
How did the revolutionary war affect the euro Quad how did the revolutionary war affect the Iroquois?
It caused Iroquois tribes to fight each other
What factors contribute to a financial crisis?
Depending on what kind of financial crisis is being described for example; large scale financial crisis such as businesses and communities or small scale such as personal financial troubles. On a personal level not having enough money to live of for necessities is a crisis. For large scale like a community if the economy is bad then that is a big problem as well.
Partially caused by the loss of british markets after the revolutionary war?
depression
What is the panic 1819?
The end of war between France and Great Britain
What financial crisis was the US taken out of with the start of World War 2?
The Great Depression
Can you give me a list of causes for the Haitian revolutionary war?
chuck Norris caused this war with his beard.
The farming crisis in the 1920s was caused by a decrease in demand for crops after what?
World War I.
