virtually worthless
The Continental army never ended, but the war (Revolutionary War) did.
The effects of the first continental congress were numerous. First, the members demanded an end to the Intolerable Acts. Also, they called for the organization of militias and the printing of paper money. One more thing they did was they formed the Continental Army to be prepared for war with Britain.
The second continental congress directed the war effort, borrowed money to finance the war, coined money, bought supplies, and made treaties with other governments
At the begining they had trouble because they could not find enough soldiers and they did not have the money or equipment either for the war.
because the American government was the only ones who had money. and why they had to borrowed it was because the independence war had a large debt on them.
The Continental army never ended, but the war (Revolutionary War) did.
Financial Burdens'Paying for the war was a difficult task. Congress had limited resources. With no power to tax, Congress had to plead with the states for money. However, the states had little money themselves.To pay and supply troop, Congress printed continentals, paper money. But the more money Congress printed, the less the money was worth. By the end of the war, paper money had lost almost all its value. Something worthless was said to be "not worth a continental."'
the printing of paper money by Congress and the states
The effects of the first continental congress were numerous. First, the members demanded an end to the Intolerable Acts. Also, they called for the organization of militias and the printing of paper money. One more thing they did was they formed the Continental Army to be prepared for war with Britain.
Yes. The British issued counterfeit Continental money during the Revolutionary War.
The second continental congress directed the war effort, borrowed money to finance the war, coined money, bought supplies, and made treaties with other governments
for the 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.
The first continental Congress Decided To boycott all British goods.
George Washington was commander-in-chief of the Continental Army from beginning to end.
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.
"continental" paper money "continental" paper money