Question

PLEASE HELP ME (HISTORY-DEAD) When the U.S. government was unable to borrow money from the state banks after the War of 1812, how did it try to solve its problem? The government created a national bank in New York. The government created a national bank with branches in multiple states. The government built mint offices in multiple states to print more money. The government created the national mint to unify the country's currency.

Answer 1

The government created a national bank with branches in multiple states.

Step-by-step explanation:

After the War of 1812, the U.S. government needed to borrow money to pay off war debts. At this time in history, each state had its own bank. This meant that the U.S. government had to work with multiple state banks to borrow money. To solve this problem, in 1816 Congress decided to set up the Second Bank of the United States with branches in multiple states. Many of the states opposed the national bank because it meant that their state banks had to compete with the national bank for business.

This was from my lesson :)

Answer 2

When the U.S. government was unable to borrow money from the state banks after the War of 1812 "government built mint offices in multiple states to print more money" since currency was lacking.