Which of the following was a factor in economic recession that followed the revolutionary war

A) paper money printed by the US lost value due to inflation

B) congress had no power to print money which allowed stated to do so instead.

C) imports on Britain declined

D) congress printed a national currency that was devalued by national debt

Question

History

Fisher Kirk

14 February, 09:22

Which of the following was a factor in economic recession that followed the revolutionary war

A) paper money printed by the US lost value due to inflation

B) congress had no power to print money which allowed stated to do so instead.

C) imports on Britain declined

D) congress printed a national currency that was devalued by national debt

+3

Answers (1)

Know the Answer?

Kamryn Adams · Answer 1

D) congress printed a national currency that was devalued by national debt

Explanation:

The Confederation issued paper bills called Continentals. But by 1781, those bills had quickly depreciated. Congress could not use them to acquire gold or silver and the whole economy suffered. Congress had no power to tax and had a large debt.