The loss in value of the Continental dollar primarily led to trade becoming complicated because states printed their own currencies. The depreciation of the Continental dollar created a lack of confidence in a single currency, prompting individual states to issue their own money, which resulted in inconsistencies and challenges in trade and economic transactions.
What resulted from the loss in value of the Continental dollar?
(1 point)
Foreign countries demanded repayment of their war loans from the
government.
Trade became complicated
• because states printed their own currencies.
Congress began to sell
• sections of land in the Northwest Territory.
Expeditions were sent to the West in search of gold and silver to back the new
paper money.
1 answer