Individual states in the U.S. are denied currency power, meaning that they are obligated to use federal currencies. This is to make sure that states are on a level playing field and that money can be spent from state to state throughout the country.
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There are many reasons, but the most compelling reason is that if states could print their own currency there would be chaos with not only interstate trade, but also international trade. This is why 16 countries in Europe use a common currency - the Euro.
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Reserved powers are powers denied to the national government. Reserved powers are also not denied to the states. These types of reserved powers are referred to as police power of the state.
the national gov. had too much power in some areas and the states had to much power in others. for example, the states had the power to print their own currency, which led to confusion for travelers because they had to stop and trade one states coins for anothers.
At the time of the writing of the Constitution, there was no formal legal power behind it. Representatives from each of the individual states met to discuss improvements to the Articles of Confederation and ultimately produced a new document, which individual states later chose to ratify.