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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With money from the British
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With positions in government
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With land
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With British goods taken in the war
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Detailed explanation-1: -Each soldier was paid $10 bounty. The supposed hard specie handed out was a motley collection of coins from various nations. Later in the war, Washington and his officers had to put down unrest and a few mutinies based on lack of pay for the soldiers.
Detailed explanation-2: -Paying for the American Revolutionary War (1775-1783) was the start of the country’s debt. Some of the founding fathers formed a group and borrowed money from France and the Netherlands to pay for the war. To manage the new country’s money, the Department of Finance was created in 1781.
Detailed explanation-3: -When soldiers were discharged from the Continental Army, they received promissory notes instead of being paid. Low on funds during and after the Revolutionary War, the states and Continental Congress issued these notes as government IOUs to soldiers because the government had no money to pay them.
Detailed explanation-4: -The federal government provided bounty land for those who served in the Revolutionary War, the War of 1812, the Mexican War, and Indian wars between 1775 and 1855. It was first offered as an incentive to serve in the military and later as a reward for service.