0
The Congress negotiated with foreign nations, established a postal system, borrowed money to support the army, and printed currency known as "continentals." However, the government's poor finances led to the expression "not worth a continental." Since the Continental Congress lacked any formal constitution,
Still curious? Ask our experts.
Chat with our AI personalities
Coach
Fran
Ross
Add your answer:
Earn +20 pts
What provided most of the money raised by the continental congress for the revolution?
the printing of paper money by Congress and the states
What was the difference between money issued by colonies and money issued by the continental congress?
Other colonies have money.
What are laws for raising money for the federal government?
revenue bills
What problems that faced the Continental Congress during 177517761777?
Financial Burdens'Paying for the war was a difficult task. Congress had limited resources. With no power to tax, Congress had to plead with the states for money. However, the states had little money themselves.To pay and supply troop, Congress printed continentals, paper money. But the more money Congress printed, the less the money was worth. By the end of the war, paper money had lost almost all its value. Something worthless was said to be "not worth a continental."'
What was the difference between money issued by colonies and money issued by the continental congress was that money issued by each colony was?
money issued by each colony was backed by real wealth.
