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Subjects>History>American Government

Why did some states begin issuing paper money?

Anonymous

∙ 15y ago

Updated: 9/15/2023

to help pay off debts.

Wiki User

∙ 15y ago

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Q: Why did some states begin issuing paper money?

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Continue Learning about American Government

5 Which problem caused Congress to stop issuing paper money?

When studying history, it is important to understand the reasoning behind the choices of the men in offices. Congress stopped issuing paper money because of the problem with inflation.

Which problem caused Congress to stop issuing paper money?

Oh, dude, Congress stopped issuing paper money because of this little thing called hyperinflation. Yeah, so basically, when they printed too much money during the American Revolution, it became worthless. Like, oops, guess they should've thought that one through a bit more, huh?

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 was shinplaster?

paper money paper money

Is American paper money issued in the name of America or the Fed?

Paper money of the United States is issued as Notes by the Federal Reserve, signed by the Secretary of the Treasury and the Treasurer of the US and is backed by the "full faith and credit" of the United States. So it is issued by and in the name of the US Government.

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