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The Continental Congress printed its own money, known as Continentals, to finance the Revolutionary War and address the pressing need for funds to support the military and government operations. However, this led to significant problems, including rampant inflation and a loss of public confidence in the currency, as the supply outpaced the backing of tangible assets. The depreciation of Continentals made it difficult for the government to pay troops and creditors, ultimately undermining the war effort and contributing to economic instability.
What else can I help you with?
Declare war make laws and print money?
congress under the articles of confederation could
Did paul revere print the first continental currency?
Yes
What powers did the articles of confederation give to congress and what powers did they with hold?
denied-the right for a state to print it's own money
Does the Constitution authorize congress to print up paper money or to coin money?
At the time the constitution was drafted and put in place only coin money was mentioned and acceptable. The power to "coin money" has obviously not been tested in courts. If it was that easy, then people would have brought suit and won this in the courts years ago. We obviously print money now. If this is unconstitutional, then we need to sue to bring the US in line with the Constitution. Good luck.
How can you print money?
with a printer
What did the congress print to supply the Continental Army?
Money.
Why was it necessary for the second continental Congress to print it's own money?
The second continental congress printed its own money to pay for guns, food, and uniforms for soldiers.
What was the second continental congress about?
The Second Continental Congress took place after the battles at Lexington and Concord. It was during this convention that a Continental Army was formed, the agreement to print money was made, and, the Declaration of Independence was authorized.
What did the continental congress decide at the second meeting?
They decided that they needed a government and print money,etc. They also decided that george washington should be their leader.
The constitution gives power to print money to?
The constitution gives the power to print money to Congress.
What happened when continental congress tried to finance the war by printing 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.
Who has the powers to print and coin money?
The Treasury and US Mints.
Why is it wise to let congress print money?
It isn't.
What happened when the continental congress tried to finance the war by printing?
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 constitution gives the power to print money to?
Article I Section 8 of the United Constitution grants power to Congress to "coin money" and "regulate its value." In effect, The Department of the Treasury prints money under the authority of Congress.
Can Congress print money and establish weights and measures?
yes
Does only the federal government have the authority to print US currency?
Yes they solely have the power to print US money. These are the congress's enumerated powers
