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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.
What else can I help you with?
What was true about American economy during the revolutionary war?
Congress did not want to tax people - apex
What occurred at the second continental congress?
It was at the Second Continental Congress that the Declaration of Independence was adopted. The convention took place during the American Revolutionary War.
What was the name given to the congress that contained representatives from the American colonies during the Revolutionary Peri?
Reace Foster
Was actually the governing body of the thirteen colonies during the American Revolutionary War.?
second contintutional congress if thats how you spell it lol
Why was financer the revolutionary war difficult for the continental 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.
Who did the continental congress appoint to command the American armies during the American revolutionary?
yes indeed!!
What is true about the American economy during the Revolutionary War?
Congress did not want to tax people
What was true about American economy during the revolutionary war?
Congress did not want to tax people - apex
What occurred at the second continental congress?
It was at the Second Continental Congress that the Declaration of Independence was adopted. The convention took place during the American Revolutionary War.
What was the name given to the congress that contained representatives from the American colonies during the Revolutionary Peri?
Reace Foster
Where was the American capital during the American revolution war?
Philadelphia, Pennsylvania. The city hosted the Second Continental Congress during the Revolutionary War.
Congress on April 19 1783 ratified what?
Peace after the American Revolutionary War with Great Britain.
How did the events that happened during American colonial and revolutionary period influence the shape of democracy?
The first continental congress
Was actually the governing body of the thirteen colonies during the American Revolutionary War.?
second contintutional congress if thats how you spell it lol
Which is not a foreign affairs power given to congress?
deficit financing is not a foreign affairs power given to congress.
Why was financer the revolutionary war difficult for the continental 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.
What treaty formally marked the end of the revolutionary war?
The Treaty of Paris, 1783, formally ended the American Revolution. It was ratified by the Continental Congress in 1784.
