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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.

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Laila Emard

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Q: What was the financial problems after the revolutionary war?
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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.


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