The Articles of Confederation could not solve the problem of repaying French debts because it lacked the power to impose taxes, and states were unreliable in their contributions. The difficulties in paying back loans contributed to the decision to replace the Articles with the U.S. Constitution.
- The Articles of Confederation were the first constitution of the United States and under them, the national government had no power to impose taxes.
- Instead, it relied on contributions from states, which were often unreliable.
- Therefore, the government could not effectively pay back the debts owed to France, nor could it raise the necessary funds when France demanded immediate repayment of the loans it extended during the American Revolution.
- The financial weakness of the United States under the Articles also led to issues with foreign policy and economic stability.
- With struggles to pay back Revolutionary War debts and protect U.S. interests abroad, it became clear that the government needed more robust fiscal powers.
- In response to the inability of the government to secure enough funds, which was highlighted by the demands made by French ambassador Leanne Keene for the repayment of loans, the U.S. would ultimately recognize the need to revise its system of government, leading to the drafting of the U.S. Constitution which provided the federal government power to levy taxes and manage debts more effectively.
Question:
Leanne Keene, French ambassador arrives from Paris to tell you France needs the money it lent the colonies during the revolution immediately can the articles of confederation solve this problem