Congress faced significant challenges in financing the American Revolutionary War, primarily due to a lack of authority to levy taxes. They relied heavily on loans from foreign nations, such as France and the Netherlands, and the goodwill of wealthy individuals, which created financial instability. Additionally, the Continental Congress printed paper money, leading to inflation and a decline in the currency's value. This precarious financial situation hampered their ability to sustain military efforts and support troops effectively.
Congress did not want to tax people - apex
It was at the Second Continental Congress that the Declaration of Independence was adopted. The convention took place during the American Revolutionary War.
Reace Foster
second contintutional congress if thats how you spell it lol
Financing the Revolutionary War was difficult for the Continental Congress due to a lack of a strong central government and the inability to levy taxes. The Congress relied heavily on donations from states and foreign allies, which were often inconsistent and insufficient. Additionally, they faced challenges in securing loans and issuing currency, leading to rampant inflation and economic instability. This financial strain hindered their ability to effectively support the military and sustain the war effort.
yes indeed!!
Congress did not want to tax people
Congress did not want to tax people - apex
It was at the Second Continental Congress that the Declaration of Independence was adopted. The convention took place during the American Revolutionary War.
Reace Foster
Philadelphia, Pennsylvania. The city hosted the Second Continental Congress during the Revolutionary War.
Peace after the American Revolutionary War with Great Britain.
The first continental congress
second contintutional congress if thats how you spell it lol
deficit financing is not a foreign affairs power given to congress.
Financing the Revolutionary War was difficult for the Continental Congress due to a lack of a strong central government and the inability to levy taxes. The Congress relied heavily on donations from states and foreign allies, which were often inconsistent and insufficient. Additionally, they faced challenges in securing loans and issuing currency, leading to rampant inflation and economic instability. This financial strain hindered their ability to effectively support the military and sustain the war effort.
The Treaty of Paris, 1783, formally ended the American Revolution. It was ratified by the Continental Congress in 1784.