EMERGENCE OF USA
THE AMERICAN REVOLUTIONARY WAR AND ITS IMPACT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Furs and pelts
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Food for the winter
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Earthworks
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Continental currency
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Detailed explanation-1: -Army Pay. Soldiers were promised a pay of $29 per month, a small fortune for the time. Many of the colonies maintained their own currencies and exchange rates. The Continental dollar was almost worthless.
Detailed explanation-2: -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.
Detailed explanation-3: -During the American Revolution, a cash-strapped Continental Congress accepted loans from France.
Detailed explanation-4: -After the U.S. Constitution was ratified, Congress passed the “Mint Act” of April 2, 1792, which established the coinage system of the United States and the dollar as the principal unit of currency.
Detailed explanation-5: -On June 14, 1775, the Continental Army was created. The Second Continental Congress, meeting in Philadelphia decided to establish an army for common defensive purposes.