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Why was the money issued by the continental congress little value?
Wiki User
∙ 8y ago
The money did not have enough gold and silver to back it up
Nick Parker
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What was difference between money issued by colonies and money issued by the continental congress was that money issued by each colony was?
money issued by each colony was backed by real wealth.
What did the second continental congress talk about?
They talked about printing paper money.
Did the Second Continental Congress authorize the printing of paper money?
yes
In what was the second continental congress serve as the first national government?
The second continental congress directed the war effort, borrowed money to finance the war, coined money, bought supplies, and made treaties with other governments
What was the second continental congress?
On May 10, 1775, The Second Continental Congress assembled for the first time, declaring independence was a long way off. The second continental congress began to govern the colonies. It authorized the printing of money and set up a post office with Franklin in charge.
What was the difference between money issued by colonies and money issued by the continental congress?
Other colonies have money.
A difference between money issued by colonies and money issued by the continental congress was that money issued by each colony was?
backed by real wealth
What was the difference between money issued by colonies and money issued by the continental congress was that money issued by each colony was what?
money issued by each colony was backed by real wealth.
Difference between money issued by colonies and money issued by the continental congress was that money issued by each colony was?
money issued by each colony was backed by real wealth.
What was the difference between money issued by colonies and money issued by the continental congress was that money issued by each colony was?
money issued by each colony was backed by real wealth.
What Difference between money issued by colonies and money issued by the Continental Congress was that money issued by each colony was?
money issued by each colony was backed by real wealth.
What was the difference between money issues by colonies and money issued by the continental congress?
Other colonies have money.
What was the difference between money issued by colonies and money issue by the continental Congress was that money issued by each colony was what?
money issued by each colony was backed by real wealth.
What was difference between money issued by colonies and money issued by the continental congress was that money issued by each colony was?
money issued by each colony was backed by real wealth.
A difference between money issued by colonies and money issued by the continental congress was that the money issued by each colony was?
money issued by each colony was backed by real wealth.
What provided most of the money raised by the continental congress for the revolution?
the printing of paper money by Congress and the states
What year did the US used paper money?
1862 was the first year the US government officially issued paper money. However various other agencies, banks, etc. issued paper bills as far back as the Revolution. The Continental Congress famously issued "Continental Currency" to pay for the war. It had no backing and rapidly became worthless, leading to the expression "not worth a Continental" which remained in common use for decades afterwards.
