trading with each other, printing state currency
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its eather taxing the federal government printing money licensing doctors or signing treaties with other nations
Individual states in the U.S. are denied currency power, meaning that they are obligated to use federal currencies. This is to make sure that states are on a level playing field and that money can be spent from state to state throughout the country.
because she intropetor of ogelthorpe , owned a trading post , and fought for her land
Trade was hampered because to go from state to another would mean a person would have to carry around the money from each state they went to. The values would also be different from state to state.
Hi there, I believe the problems that could arise are the same for each nation printing its own money. If you print money, while your productivity, or goods produced stay the same, you get inflation. Each dollar is then worth less. This is the reason why 50 years ago a dollar could buy much more. The world governments basically have been printing money in order to finance their own budgets. I assume you are saying each state gets to print it's own amount of US currency? Or each state having it's own set of notes. The second way you'll have huge problems with exchange rates, 50 different exchange rates, depending on the productivity of each state just within the US! In the first way, then some rogue banker or senator would then have the right to print as much money they wanted which could cause inflation to get out of control. Hope this helps :) Dan