Question

The Continental Congress possessed which of following? *

A.Power to Tax
B.No power to Tax
C. Equal Power to Tax"

Answer 1

Under the Articles of Confederation, the Continental Congress did not have the power to tax; this was a key factor that led to financial difficulties for the early United States.

Step-by-step explanation:

The Continental Congress, under the Articles of Confederation, did not possess the power to enforce a national power to tax. Instead, it had to rely on requisitions sent to the states, which often did not fulfill these requests, leading to significant national debt. While the Congress did hold some powers, such as the right to declare war, negotiate treaties, and pass legislation, direct taxation was not within its capabilities, a limitation that proved problematic for the financial stability of the new nation.