After the Revolutionary War, the United States had few resources. The Articles of Confederation prohibited the federal government from levying taxes, leaving that in the hands of state governments. Policymakers quickly realized that this rendered the federal government powerless, prompting the Constitutional Convention.
Under the new constitution, the federal government had more powers when it came to the economy, notably the power to levy taxes. It was able to regulate the nascent economy in certain ways; for example, it could pass protective tariffs.
Farmers in Massachusetts fell into financial straights after the Revolutionary War. The problems that came along with the debts they owed creditors led to Shay's rebellion.
The problems it faced was going through the revolutionary war and the french and indian war.
The problems it faced was going through the revolutionary war and the french and indian war.
the economic problems and life as well did
it created economic problems.
The major financial problem that faced the new nation was the debt that had accumulated during the American Revolutionary War. The war began in 1775 and ended in 1783.
The major financial problem that faced the new nation was the debt that had accumulated during the American Revolutionary War. The war began in 1775 and ended in 1783.
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The United States gained allies and aid during the revolutionary war in terms of military aid and financial support from France, which was not in good terms with Britain.
one problem was that people had to decide if they wanted to be a PATRIOT or a LOYALIST
The Untied States had one issues with Britain following the Revolutionary War. The only issues they had was British restricted trade with the United States.
Mounting debts to pay for the war and Congress being unable to collect taxes directly.