Ask Question
HistoryHistory
31 October, 04:39

Why did the value of the money printed during the revolutionary war plummet?

+1
Answers (1)
  1. 31 October, 04:58
    0
    During this time the paper money was not backed by anything such as gold or silver. In addition to this the colonies simply printed more money to pay for things which led to an enormous rise in the amount of currency in circulation which led to massive deflation. This massive deflation led the value of currency to plummet during the Revolutionary War.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Why did the value of the money printed during the revolutionary war plummet? ...” in 📗 History if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
Which of the following is a condition of pure competition? a) Products produced by rival business are perfect substitutes. b) individual firms can affect the money supply of competitors. c) entry and exit of the free market is heavily restricted.
Answers (1)
Many diverse groups offered their support to the Patriots. Choose three of the following groups, and explain how each supported the American Revolution: women, African Americans, individual European volunteers, foreign governments.
Answers (1)
How was the nullification act justified by those who believed in the states rights?
Answers (1)
How did the manufacture of textiles change after 1760?
Answers (1)
Which characteristics are often found in fascist governments like the ones Adolf Hitler and Benito Mussolini installed installed after WWI? (select all that apply.
Answers (1)
New Questions in History
What economic, political, and social changes resulted from the rise of cities in china?
Answers (1)
Which of the following is true concerning pastoralism? a. It occurs in small areas of land with high yields. b. It occurs in forests and grasslands. c. It is a modern agricultural technique. d. It revolves around herding livestock.
Answers (1)
Describe why the party chooses to torture political prisoners rather than just kill them
Answers (1)
The dissenting opinion raises the fact that japanese americans were being deprived of what rights? A.) 5th Ammendment B.) 7th Ammendment C.) 10th Ammendment D.) 4th Ammendment
Answers (2)
Which of the following did the Maya, Aztec, and Inca all have in common?
Answers (1)
Home » History » Why did the value of the money printed during the revolutionary war plummet?
Sign Up Forgot Password?