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During the American Revolution, the value of money generally decreased due to rampant inflation and lack of backing for currency. The Continental Congress issued paper money, known as Continental Currency, to fund the war, but its overproduction led to a significant loss of value, famously resulting in the phrase "not worth a Continental." As the war progressed and economic instability grew, the purchasing power of money diminished, making it increasingly difficult for people to cope with rising prices and shortages.
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Why were the colonies unprepared for the American Revolution?
they did not have enough money for weaponry.
France gave money and military support to who during the American Revolution?
While many had strong feelings to the contrary, the US maintained strict neutrality.
Why did the king run out of money in the French Revolution?
He had inherited a large National debt and had increased it by supporting the American Revolution.
Why was Hamilton's debt plan controversial?
People opposed Alexanders Hamilton's plan because he wanted everybody to help out. The southern states already helped out. They didn't want to help out even more.
What country lent money to the colonies during the revolution?
The nation of France .
Why did Hamilton's plan to pay off the debt to American citizens cause such a storm of protest?
American citizans unleashed a storm of protest. When the government had borrowed money during the American Revolution, it had issued during the American Revolution, it had issued bonds-paper notes promising to repay the money in a certain length of time. In text book hope it will help.
How much money was borrowed from Holland and France during the American Revolution?
i belive it to be around 43 million dolloars
What caused the dollar to be devalued during the American Revolution?
Simply, Inflation of printing too much paper money for weapons during the war.
What happened to Benjamin Franklin during the American revolution?
He was in his 70's and in France getting help and money. He was very popular there.
Did Benjamin Franklin lead American troops during the revolution?
No. He was in his 70's and in France getting help and money. He was very popular there.
What did Thomas Jefferson do during the American Revolution?
He wrote and signed the Declaration of Independence, which basically started the American Revolution.
How did the french-american alliance affect the American revolution?
The Frano-American Alliance won the American revolution. French money, weapons, ships and commanders were vital to the American victory.
Which came first American revolution or Declaration of Independence?
The American Revolution came first. King Louis XV who was the King in France (the one that was overthrown and sent to the guillotine during the french revolution) actually gave money to help the American cause. The Americans could not have won the war if they had not received financial & political support from France.
What were the national debts of the Americans and French during the Revolution?
The US owded France money for providing weapons supplies and ships in the American Revolution. Their help came at a price which Massachutsets attempted to pay.
Why were the colonies unprepared for the American Revolution?
they did not have enough money for weaponry.
Did the American soilders of the American revolution get paid?
Yes but rarely and very little money
What disadvantages did the colonist have during the American revolution?
the colonist didn't have as many guns and soldiers . also they were very low on money, cloths, food, and warmth
