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12y ago

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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15y ago

Congress had borrowed money from American citizens and foreign governments during the war. How you dont know this . smh (shake my head)

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11y ago

The US had very little money after the war because they needed to use most of their money buying guns and uniforms AND hire french soldiers.

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Q: Describe the country's financial problems after the Revolutionary War.?
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