USA HISTORY

Detailed explanation-1: -The Continental Congress had difficulty raising money because the revolutionary United States had no credit on the world stage (hindering the likelihood a foreign power would loan the congress money) and had no authority to force the states to pay taxes.

Detailed explanation-2: -The years immediately following the end of the Revolutionary War in 1783 presented the young American nation with a series of difficulties that Congress could not adequately remedy: dire financial straits, interstate rivalries and domestic insurrection.

Detailed explanation-3: -Under the Articles of Confederation, Congress lacked the authority to regulate commerce, making it unable to protect or standardize trade between foreign nations and the various states.

Detailed explanation-4: -What was the economic result of the Continental Congress’s decision to issue paper money? Money became devalued.

Detailed explanation-5: -Continentals refers to paper currency issued by the Continental Congress in 1775 to help fund the American Revolutionary War. Continentals quickly lost value, partly because they were not backed by a physical asset like gold or silver, but also due to the fact that too many bills were printed.