3.8k views
2 votes
If Congress had no power to raise money, how did that affect the value of the currency it issued?

User Adsurbum
by
5.3k points

1 Answer

2 votes

Answer: Congress had no power to coin money, therefore each state developed its own currency. Congress was unable to regulate interstate and foreign commerce; some states refused to pay for goods they purchased from abroad. Congress was unable to impose taxes; it could only borrow money on credit.

Step-by-step explanation:

User DaveVentura
by
5.7k points