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When the Continental Congress printed money, the value plummeted because they could just make more and more. By the end a shirt costed thousands of dollars because anyone could just print as much as needed. That is called inflation.

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How did the second continental congress decide to finance the colonial army?

How did the second continental congress decide to finance their army


What happened when the continental congress tried to finance the war by printing?

When the Continental Congress printed money, the value plummeted because they could just make more and more. By the end a shirt costed thousands of dollars because anyone could just print as much as needed. That is called inflation.


What happen when the continental congress tried to finance the revolutionary war by printing money?

Inflation occured. The price of the dollar decreased, and prices of items increased.


Who was the superintendent of finance for the First Continental congress?

Robert E. Lee


What was the currency authorized by Congress to finance the Revolution and depreciated to near worthlessness?

"continental" paper money "continental" paper money


Paper currency authorized by Congress to finance the Revolution depreciated to near worthlessness?

that would be the Continental, made famous by the expression, " Not worth a Continental", after it became worthless.


In what was the second continental congress serve as the first national government?

The second continental congress directed the war effort, borrowed money to finance the war, coined money, bought supplies, and made treaties with other governments


How did the continental congress finance the war?

They had foreign aid from their allies (France) and each colony was asked to contribute and send in men, supplies, etc.


Why did the patriots find it hard to finance the war for independence?

the continental congress and the nation pay the soldiers as you all know. Bt America was poor, and congress was always begging for money from individual states. Now in that situation, do u think congress can pay thousands of soldiers?


What congress didn't want to break away from Britain but create a military force and a new currency with which to pay the soldiers?

The Second Continental Congress did not initially want to break away from Britain. In 1775, their main goal was to establish a military force, the Continental Army, to defend their rights against British oppression. Additionally, they created a new currency, the Continental currency, as a means to finance the war and pay their soldiers. However, as the war progressed, sentiments shifted towards independence, leading to the eventual Declaration of Independence in 1776.


What does the company Continental Finance do?

Continental Finance is one of America's leading originators of credit cards for consumers with less than perfect credit. Whether you have fair credit, poor credit, or no credit at all, they have a product that is right for you.


When did congress finance the start of the colonial navy?

October 13 1775