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What did Congress pass in 1862 that created a national currency and allowed the government to issue paper money?
legal tender act
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 are three prohibitions on the powers of congress?
Congress has several limitations. Three of those limitations are that they cannot enact new taxes on their own, they cannot place taxes on items being exported from any state, and they cannot draw money from the United States Treasury at will.
What provided most of the money raised by the continental congress for the revolution?
the printing of paper money by Congress and the states
In the US who has the power to manufacture money and declare war?
The Congress
What constitutional principle explains these contrasting powers Congress can print money but not issue licenses States can issue licenses but not print money?
FederalismFederalismFederalismFederalismfederalismthe answer is C federalism
Congress not have the authority to do?
Congress cannot pass any laws about marriage. Congress, itself, is not allowed to tax people. They can't borrow money, either.
What was the difference between money issued by colonies and money issue by the continental Congress was that money issued by each colony was what?
money issued by each colony was backed by real wealth.
What can a state government not do?
State governments cannot declare war or issue their own money.
What can state governments not do?
State governments cannot declare war or issue their own money.
What did Congress pass in 1862 that created a national currency and allowed the government to issue paper money?
legal tender act
What did the congress pass in 1862 That created a national currency and allowed the government to issue papper money?
legal tender act
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 are three prohibitions on the powers of congress?
Congress has several limitations. Three of those limitations are that they cannot enact new taxes on their own, they cannot place taxes on items being exported from any state, and they cannot draw money from the United States Treasury at will.
Can money be printed by Congress?
yes money can be printed by congress
What were ''greenbacks''?
Paper money, whose issue was authorized by the Union Congress in February 1862. They were called greenbacks because of their colors. commodity money used by the union during the civil war
Where does the state government in Missouri get their money?
Taxes. That is where all governments in America get there money. Along with taxes they get money from the general fees, and fines to the public. Examples are, marriage licenses, (you have to pay for all licenses you get from the gov't) hunting licenses, illegal parking fees, speeding tickets, and general court fees.
