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Which state was the most aggressive in using paper money to solve its economic problems?
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∙ 13y ago
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What were the causes of America's economic problems during the revolution?
The 13 colonies had different problems ,like farming, so some colonies decided to print paper money that was worthless when it was time to pay taxes because topay taxes you needed to pay in coins so some states only had paper mone hense bad economy.
What economic problems did the new government face with Jefferson and hamilton?
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.
What is the economic status of paper use in schools n colleges?
school paper use and economic status
Does gold reserves of a country determine the money printing capacity of a nation?
Gold reserves are part of the economic strength which gives the cover for paper money - but not by law - this was cancelled for most countries
What are economic staples?
it is the staples used to tie together the economic sheets of paper
What was the economic result of printing large amounts of paper money?
hi
Why was paper money seen as a solution to the economic problems of one element in American society?
It was cheaper than gold and silver because those things were expensive and rare in that time. Our founding father opposed this act.
What were the causes of America's economic problems during the revolution?
The 13 colonies had different problems ,like farming, so some colonies decided to print paper money that was worthless when it was time to pay taxes because topay taxes you needed to pay in coins so some states only had paper mone hense bad economy.
What did Andrew Jackson think of paper money?
Jackson was not fond of paper money. He didn't want to use it because many of the state banks issued paper money without making sure that they had the gold and silver to back it up. The value of paper money fluctuated frequently and therefore it could not relied upon.
What economic problems did the new government face with Jefferson and hamilton?
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.
What is the economic status of paper use in schools n colleges?
school paper use and economic status
What was shinplaster?
paper money paper money
Does gold reserves of a country determine the money printing capacity of a nation?
Gold reserves are part of the economic strength which gives the cover for paper money - but not by law - this was cancelled for most countries
What is a bolivar paper money?
The bolivar is the official currency of Venezuela. Bolivar paper money refers to the various denominations of banknotes issued by the Central Bank of Venezuela for circulation within the country. The currency has faced significant devaluation due to economic challenges in Venezuela.
What are economic staples?
it is the staples used to tie together the economic sheets of paper
What was acient chinese paper money made of?
If it is called "paper money", then presumably, it was made from paper.
What economic accomplishments did kublai Khan do?
He created paper money, that was used throughout China. Kublai Khan also opened up more trade routes.
