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Why did the continental congress have such a difficult time raising money for the war?
The Continental Congress faced significant challenges in raising money for the Revolutionary War primarily due to a lack of centralized authority and the inability to impose taxes. The Articles of Confederation, which governed the colonies, did not grant the Congress the power to tax, leading to dependence on voluntary contributions from the states, which were often insufficient. Additionally, the colonies were already burdened with their own debts and financial struggles, making it difficult to rally support for a unified war effort. This financial instability hindered the ability to adequately fund the Continental Army and sustain the war against Britain.
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What did the second continental congress do to raise money for th continental army?
The Second Continental Congress raised money for the Continental Army primarily through the issuance of paper currency, known as "Continentals," which were used to fund military operations. They also sought loans from foreign nations and individuals, notably securing financial assistance from France and Spain. Additionally, Congress authorized the confiscation of loyalist properties and appointed committees to oversee fundraising efforts. These measures were crucial in sustaining the army during the Revolutionary War.
What did the militia in the revolutionary war wear for shoes?
They wore boots generally. At Valley Forge, however, the army famously lacked sufficient footwear, and sometimes had to resort to wrapping their feet in rags. General Washington would continually plead with Congress to provide more money for weapons and supplies for the army, but being so short on money already, Congress could not completely supply the needs of the Continental Army, and the army had to make do with what they had.
Did the British use counterfeited money during the revolutionary war?
Yes. The British issued counterfeit Continental money during the Revolutionary War.
Why did the south have trouble raising money for the war efforts?
The South was primarily an agrarian economy. This prevented the marshalling of large amounts of money because of the time to market issues.
What happened after congress and the states printed hundreds of millions of dollars worth of paper money to pay for the war?
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Why did the continental congress have difficulty raising money?
The Congress negotiated with foreign nations, established a postal system, borrowed money to support the army, and printed currency known as "continentals." However, the government's poor finances led to the expression "not worth a continental." Since the Continental Congress lacked any formal constitution,
Why did the continental congress have raising money?
The Congress negotiated with foreign nations, established a postal system, borrowed money to support the army, and printed currency known as "continentals." However, the government's poor finances led to the expression "not worth a continental." Since the Continental Congress lacked any formal constitution,
Why did the continental congress have trouble raising money for the American side?
because the American government was the only ones who had money. and why they had to borrowed it was because the independence war had a large debt on them.
What provided most of the money raised by the continental congress for the revolution?
the printing of paper money by Congress and the states
What problems that faced the Continental Congress during 177517761777?
Financial Burdens'Paying for the war was a difficult task. Congress had limited resources. With no power to tax, Congress had to plead with the states for money. However, the states had little money themselves.To pay and supply troop, Congress printed continentals, paper money. But the more money Congress printed, the less the money was worth. By the end of the war, paper money had lost almost all its value. Something worthless was said to be "not worth a continental."'
What was the currency authorized by Congress to finance the Revolution and depreciated to near worthlessness?
"continental" paper money "continental" paper money
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 the first money printed by Congress called?
A Continental.
Who did the continental congress ask to provied troops money?
France
How did the continental congress raise money to go to war with Britain?
The first continental Congress Decided To boycott all British goods.
What was the difference between money issues by colonies and money issued by the continental congress?
Other colonies have money.
