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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.
Helga Cruickshank
Wiki User
∙ 13y agoThere 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.
Wiki User
∙ 8y agoBecause different currencies would cause confusion.
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What are individual states denied the currency power?
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.
What All power not given to the federal government or denied to the states are reserved to the?
85
Powers not given to either the state or national government are called?
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.
Who had more power under the articles the national government or the states?
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.
By whose power was the constitution written?
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.
What are individual states denied the currency power?
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.
Why are individual states denied currency power?
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.
What best describes power?
they are not given to the federal government and not denied to the states
The Framers based their decision to deny the States the currency power on?
The Articles of the Confederation is what the framers based its decisions to deny currency power. currency power is the ability to regulate money.
Why are individuals states defined the currency power?
tits
What All power not given to the federal government or denied to the states are reserved to the?
85
What is the currency power?
The currency power is one of the powers given to Congress in the United States government. Congress has the power to coin money and authorizes the Treasury to print a standard form of currency.
What did the newly formed states give the continental congress the power to do?
issue a national currency
How did the Articles of confederation make the value of money confusing?
The Articles of Confederation gave individual states the power to issue their own currency, which led to a lack of uniformity. Each state had different types of currency with varying values, making it difficult to determine the worth of money when conducting interstate trade. This confusion undermined the stability and reliability of the currency system under the Articles of Confederation.
What part of the constitution gives the states all of the power not denied to them and not given to congress?
It is the tenth amendment to the constitution.
What is a denied power?
Denied powers are those the Constitution prohibits the federal government from doing. For instance, interfering with the free expression of religion or the right of people to petition the government.
What part of the US Constitution gave Congress the power to coin money?
Prior to the establishment of a more powerful federal government outlined in the United States Constitution, states and banks were printing their own currency. Having so many different currencies only served to hamper interstate commerce. The power to coin money was vested in the federal government for the purpose of creating a currency that applied to the entire country as opposed to individual states.
