111k views
0 votes
How did the United States government borrow money from individual citizens during the Revolutionary War?

A) It issued government bonds and securities

B) It established the Bank of the United States.

C) Shares of stock were sold in the American government.

D) Government officials requested loans from their wealthy friends.

2 Answers

4 votes
A. Bonds

I hope I got that right, I'm sorry if u didn't
User Maxime Peloquin
by
6.8k points
2 votes

The correct answer is A) It issued government bonds and securities.

The United States government borrowed money from individual citizens during the Revolutionary Warin that it issued government bonds and securities.

It was simple, there was not enough money to finance the Revolutionary War so the government had to borrow money to fight the war. During the Revolutionary War, the Continental Congress got loans from Foreign countries such as France, issued government bonds and securities and asked the help of citizens, and the third thing the Continental Congress did was to print more money. Of course, at the end of the war, the government was in deep debt.

User Shifat
by
7.0k points