Question

Is this statement true or false?

The Articles of Confederation enabled members of Congress to establish a national banking system.
O true
false

Answer 1

The Articles of Confederation did not enable Congress to establish a national banking system.

Step-by-step explanation:

The statement is false. The Articles of Confederation, which served as the first constitution of the United States, did not give Congress the power to establish a national banking system. Under the Articles, each state had its own separate currency and banking system, which led to economic instability. It was not until the Constitution was ratified in 1789 that Congress was given the authority to create a national banking system, which ultimately resulted in the establishment of the First Bank of the United States in 1791.

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