Question

During the Revolutionary War the Continental Congress issued currency that was not backed by gold and silver.

true or false

Answer 1

True

Continentals refers to paper currency issued by the Continental Congress in 1775 to help fund the American Revolutionary War. Continentals quickly lost value, partly because they were not backed by a physical asset like gold or silver, but also due to the fact that too many bills were printed.

Answer 2

Answer:true

Explanation:Beginning in 1775, the Continental Congress issued currency to finance the Revolutionary War. These notes, called Continentals, had no backing in gold or silver. Continentals were backed by the “anticipation” of tax revenues.