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Which answer best describes why borrowing money was challenging for the U.S. government after the War of 1812? The government could not pledge collateral. The government's interest rates were really high.
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Which answer best describes why borrowing money was challenging for the U.S. government after the War of 1812?

The government could not pledge collateral.
The government's interest rates were really high.
The government needed to borrow from each state's banks.
The government already owed so much it couldn't get a new loan.

User Vise
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Answer:

The government already owed so much it couldn't get a new loan.

User Winsome
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