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,
the printing of paper money by Congress and the states
Other colonies have money.
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."'
revenue bills
money issued by each colony was backed by real wealth.
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,
because the American government was the only ones who had money. and why they had to borrowed it was because the independence war had a large debt on them.
the printing of paper money by Congress and the states
"continental" paper money "continental" paper money
Money.
The second continental congress printed its own money to pay for guns, food, and uniforms for soldiers.
The Continental Congress faced significant challenges in raising money for the Revolutionary War primarily due to a lack of centralized authority and the inability to impose taxes. The Articles of Confederation, which governed the colonies, did not grant the Congress the power to tax, leading to dependence on voluntary contributions from the states, which were often insufficient. Additionally, the colonies were already burdened with their own debts and financial struggles, making it difficult to rally support for a unified war effort. This financial instability hindered the ability to adequately fund the Continental Army and sustain the war against Britain.
A Continental.
France
The first continental Congress Decided To boycott all British goods.
Other colonies have money.
Other colonies have money.