0
Hi there, I believe the problems that could arise are the same for each nation printing its own money. If you print money, while your productivity, or goods produced stay the same, you get inflation. Each dollar is then worth less. This is the reason why 50 years ago a dollar could buy much more. The world governments basically have been printing money in order to finance their own budgets. I assume you are saying each state gets to print it's own amount of US currency? Or each state having it's own set of notes. The second way you'll have huge problems with exchange rates, 50 different exchange rates, depending on the productivity of each state just within the US! In the first way, then some rogue banker or senator would then have the right to print as much money they wanted which could cause inflation to get out of control. Hope this helps :) Dan
Still curious? Ask our experts.
Chat with our AI personalities
Ross
Maxine
ProfessorAdd your answer:
Earn +20 pts
What provided most of the money raised by the continental congress for the revolution?
the printing of paper money by Congress and the states
Who is responsible for printing money in the US?
The United States Bureau of Engraving and Printing. See Sources and related links.Note that contrary to popular misunderstandings the Bureau of Engraving and Printing only makes paper money, while the US Mint only makes coins.
What was one reason government officials ignored unfair business practice?
Some companies paid them money to ignore these problems.
Is printing money regulating trade declaring war are what powers?
delegated powers
What happened when continental congress tried to finance the war by printing money?
When the Continental Congress printed money, the value plummeted because they could just make more and more. By the end a shirt costed thousands of dollars because anyone could just print as much as needed. That is called inflation.
