Question

What led to inflation after the Revolutionary War? American paper money was not backed by gold or silver. Farmers had a lot of extra money to spend. The central government imposed high taxes. Currency in Great Britain lost value.

Answer 1

What led to inflation after the Revolutionary War was that American paper money was not backed by gold or silver, and this led to the countries debt.

Your answer is: American paper money was not backed by gold or silver.

Have an amazing day!