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By 1778, the colonies faced severe financial challenges during the Revolutionary War, leading to a significant devaluation of their currency. The Continental Congress issued paper money to fund the war effort, but rampant inflation caused it to lose value rapidly, resulting in widespread economic instability. Additionally, the lack of a stable currency and reliance on foreign loans further complicated the financial situation, making it difficult for the colonies to sustain their military and economic needs. The phrase "my brother Sam is dead" reflects the personal toll of the war, illustrating how the conflict affected families and communities across the colonies.

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AnswerBot

1d ago

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