In three to five sentences, describe the conditions of the U.S. economy before and after the ratification of the Constitution.

Answer 1

Before the ratification of the Constitution in 1788, the U.S. economy was characterized by instability and fragmentation, with each state maintaining its own currency, trade regulations, and tariffs, leading to conflicts and inefficiencies. The Articles of Confederation had created a weak federal government that struggled to collect taxes or regulate commerce effectively. After the ratification, the establishment of a stronger federal government and the creation of a uniform currency facilitated commerce and trade, promoting economic growth and stability. This shift laid the groundwork for a more integrated national economy and helped to address debt and financial issues that plagued the nation.