MAKING OF A NEW NATION 1776 1800
THE ARTICLES OF CONFEDERATION
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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True
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False
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Either A or B
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None of the above
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Detailed explanation-1: -There wasn’t a common currency in the Confederation era. The central government and the states each had separate money, which made trade between the states, and other countries, extremely difficult.
Detailed explanation-2: -Under the Articles, the states, not Congress, had the power to tax. Congress could raise money only by asking the states for funds, borrowing from foreign governments, or selling western lands. In addition, Congress could not draft soldiers or regulate trade.
Detailed explanation-3: -The national government had few powers. It could coin money, direct the post office, and negotiate with foreign powers, including Native American tribes. To raise money or soldiers, it could only request that the states provide what was needed.
Detailed explanation-4: -The paper money issued by the Continental Congress was known as “Continentals.” Not backed by silver or gold, the currency did not retain its value, and the saying “not worth a Continental” took root.
Detailed explanation-5: -Problems of the Articles of Confederation The states rarely contributed money, meaning the national government could not pay its debts or fund initiatives. The national government could not regulate international or interstate trade.