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What was the problem caused when congress borrowed money for war?
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∙ 13y ago
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Darrion Blick
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How did government mobilize the economy for the war effort World War 1?
Congress passed the War Revenue Act of 1917. The Government borrowed money to pay for the war.
Financing the war with borrowed money was a example of?
Deficit Spending
In order to pay its war debt Germany?
Borrowed more money.
What did the goernment did to raised money in world war 1?
They borrowed it, and then created a 20 year tax to pay it off. It was called the Income Tax. Go figure.
To raise money for the war the north printed?
Answer: Improve They borrowed money, increased taxes, and they printed paper money. The women in the confederate army gave union soldiers blow jobs. And soldiers from the north would normally rape southern soldiers. And would sometimes steal the money Read more: How_was_money_raised_by_the_North_and_the_South_during_the_Civil_War
Which problem caused Congress to stop issuing paper money?
Inflation caused Congress to stop issuing paper money.
What is a four-letter word for a problem cuased when congress borrowed money for war during the revolution?
Debt.
What problem cause Congress to stop issuing paper money?
Inflation caused Congress to stop issuing paper money.
5 Which problem caused Congress to stop issuing paper money?
When studying history, it is important to understand the reasoning behind the choices of the men in offices. Congress stopped issuing paper money because of the problem with inflation.
What was a problem caused during the revolution when Congress borowed money for war?
Inflation happened. The value of the dollar decreased.
What is an example of congress's borrowing power?
Money borrowed to pay for government expenses such as police, teachers, emergencies. Money which eventually will be paid back by taxes.
What practice in large part caused the stock market crash sparking the Great Depression of the 1930?
people overspeculating on stocks, using borrowed money that they couldn't repay
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
A list of presidents that borrowed from the social security fund and what they borrowed the money for or what they funded with it?
No President has borrowed money from Social Security. Only Congress can authorize borrowing money. Art. 1 Sec 8- The Congress shall have Power To lay and collect Taxes, Duties, Imposts and Excises, to pay the Debts and provide for the common Defence and generalWelfare of the United States; but all Duties, Imposts and Excises shall be uniform throughout the United States; To borrow money on the credit of the United States;
What caused the stock market to crash in the 1930s?
people overspeculating on stocks, using borrowed money that they couldn't repay
Why did the continental congress have trouble raising money for the American side?
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.
Why was the congress unable to resolve problems with Britain and Spain?
to fight the revolutionary war, congress had borrowed large sums of money. with the war over, it was now time to pay back the loans. yet the confederation congress did not have the money to do so. congress also found that it did not have the power to deal on an equal basis with other nations.Lol
