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A single currency promotes commerce between those using the currency.
In the past I have seen the US dollar vary with Canadian dollar from $1.30 Canadian to less than $1.10 and the English Pound has varied between $2.50 to $1.50 US. Other currencies also fluctuate over time.
And although modern communications helps us to better trade various currencies, contracts set using today's exchange rates can bankrupt a company if they need to buy raw materials that go up in price due to fluctuating exchange rates while the price received goes down due to same rates.
Using a common currency avoids all the pitfalls of exchange rates.
What else can I help you with?
The Framers based their decision to deny the States the currency power on?
The Articles of the Confederation is what the framers based its decisions to deny currency power. currency power is the ability to regulate money.
Why did the Framers of the Constitution decide that the US needed a new govt?
The Framers thought that the government was too weak and they wanted to give it more power than the states.
Why did the framers gives Congress the power to issue currency?
The framers believed that giving Congress power of currency was the best idea because Congress member were elected directly by the people.
When writing the constitution framers gave who the power to admit new states?
2/3 of the states must ratify the admission.
When writing the Constitution the Framers gave who the power to admit new states.?
2/3 of the states must ratify the admission.
When writing the Constitution the Framers gave the power to admit new states.?
2/3 of the states must ratify the admission.
How did the framers of the constitution try to balance state and federal powers?
States shared power with government
Why are individuals states defined the currency power?
tits
Why did the writers of the constitution create a strong central power?
First of all, the people who wrote the constitution were known as framers. Second, you speed create wrong... Anyway, the framers knew that they should create a strong central government because under the articles of confederation, Congress had no power to do anything. Basically, all congress could do was tell the states, "Don't do that or we'll get mad at you." Another reason is the state, or local, governments were becoming way to powerful. All the states each had their own currency that they couldn't use in other states. As a result, they began looking like 13 separate countries. The framers needed a strong national, or central government that could bring the states together.
In what ways did the framers try to improve on the Articles of Confederation?
The Framers revised the Articles because many thought that the states needed more power.The states thought it was too much like the British government so they wanted more power.
Why did the framers gave Congress the power to issue currency?
So there would be a national money system
What is the currency power?
The currency power is one of the powers given to Congress in the United States government. Congress has the power to coin money and authorizes the Treasury to print a standard form of currency.
