They faced multiple problems...though the main ones were national debt,and the arguments over Government power balance.
A significant problem for the economy of the new nation was the lack of a stable currency and a unified financial system. This led to difficulties in trade, as different states issued their own currencies, creating confusion and undermining economic confidence. Additionally, the new nation faced substantial debt from the Revolutionary War, straining resources and complicating efforts to establish a robust economic foundation. These challenges hindered the development of a cohesive economic policy and infrastructure necessary for growth.
ENGLAND
wealthy loyalists had left america.
The biggest economic problem for Alexander Hamilton and his new government was recovering from the 54 million dollar federal debt arising from the Revolution. The states owed another 25 million. Confederate paper money was worthless.
analysis past data and formulat new ideas like incerse gdp and growing small business.
A significant problem for the economy of the new nation was the lack of a stable currency and a unified financial system. This led to difficulties in trade, as different states issued their own currencies, creating confusion and undermining economic confidence. Additionally, the new nation faced substantial debt from the Revolutionary War, straining resources and complicating efforts to establish a robust economic foundation. These challenges hindered the development of a cohesive economic policy and infrastructure necessary for growth.
Capitalism was a new economic philosophy that stated that a nation's economic strength depended on keeping and increasing its gold supply.
they had no food there and a lot of people were sick.
ENGLAND
alot of the people died
wealthy loyalists had left America apex :)
the bank
wealthy loyalists had left america.
wealthy loyalists left america
wealthy loyalists had left america.
What problems faced new nation in Latin America?
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