How was the creation of money handled under the Articles of Confederation?

In the confederate system, each state created its own money.

The federal government alone created money.

Each state and the national government created money.

The Articles of Confederation did not mention creating or managing money.

Question

History

Amirah

10 February, 19:11

How was the creation of money handled under the Articles of Confederation?

In the confederate system, each state created its own money.

The federal government alone created money.

Each state and the national government created money.

The Articles of Confederation did not mention creating or managing money.

+1

Answers (1)

Know the Answer?

Madalyn Sweeney · Answer 1

The correct answer is In the Confederate system, each state created its own money.

The Articles of Confederation was the United States first constitution. The goal of this constitution was to give more power to state and local governments, as the American colonists broke away from the British due to a strong central government. With this in mind, the writers of the Articles of Confederation made it so that each state created their own money. However, this proved to be a terrible idea, as transactions between states became increasingly difficult.