They faced multiple problems...though the main ones were national debt,and the arguments over Government power balance.
What problems faced new nation in Latin America?
They faced multiple problems...though the main ones were national debt,and the arguments over Government power balance.
A significant problem for the economy of the new nation was the lack of a stable currency and a unified financial system. This led to difficulties in trade, as different states issued their own currencies, creating confusion and undermining economic confidence. Additionally, the new nation faced substantial debt from the Revolutionary War, straining resources and complicating efforts to establish a robust economic foundation. These challenges hindered the development of a cohesive economic policy and infrastructure necessary for growth.
You do not inform us which nation and what problems you are talking about, so your question cannot be answered.
Capitalism was a new economic philosophy that stated that a nation's economic strength depended on keeping and increasing its gold supply.
There was political instability. Europe and North America dominated over its political and economic affairs. Revolutions, civil wars and regimes were frequent and proved very costly. There was racial disunity too.
They faced multiple problems...though the main ones were national debt,and the arguments over Government power balance.
ENGLAND
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the bank
Mounting debts to pay for the war and Congress being unable to collect taxes directly.
Dept