Question
why was debt and runaway inflation such a problem under the articles of confederation?
The Revolutionary War was fought with paper money that had little or no intrinsic value, i.e, it could not be exchanged for coin with monetary value (gold or silver).
See "Continental Dollars and Depression" at http://www.sparknotes.com/history/american/constitution/section1.html
The Revolutionary War was fought with paper money that had little or no intrinsic value, i.e, it could not be exchanged for coin with monetary value (gold or silver).
See "Continental Dollars and Depression" at http://www.sparknotes.com/history/american/constitution/section1.html