The Great Compromise, also known as the Connecticut Compromise, was proposed during the Constitutional Convention of 1787 to resolve the issue of representation in Congress. It settled the problem by creating a bicameral legislature that balanced the interests of both large and small states.
The main dispute during the convention revolved around how the states should be represented in Congress. Some smaller states feared that they would be overshadowed by larger states, while larger states argued that representation should be based on population to reflect their higher number of citizens.
The Great Compromise, put forth by Roger Sherman of Connecticut, proposed a two-house legislative branch. The first house, the House of Representatives, would have representation based on each state's population. This satisfied the larger states, as they would have more representatives and thus more influence according to their population size.
However, smaller states were concerned that their interests would be neglected, as large states would have a dominant voice in the House of Representatives. To address this, the Great Compromise created the second house, the Senate, where each state would have an equal number of representatives, regardless of population. This ensured that each state, regardless of its size, would play a significant role in the legislative process.
The compromise struck a balance by appeasing both larger and smaller states, providing a fair and balanced representation. It finally resolved the dispute over representation and cleared the way for the successful ratification of the United States Constitution.
how did the great compromise settle the problem of the representation in congress
9 answers
so the answer is?
The Great Compromise settled the problem of representation in Congress by establishing a bicameral legislature with two houses: the House of Representatives and the Senate. The House of Representatives would have representation based on each state's population, satisfying the larger states. The Senate, on the other hand, would have an equal number of representatives for each state, regardless of population, ensuring that smaller states had a voice and influence in the legislative process.
what ln letters
The Great Compromise settled the problem of representation in Congress by establishing a bicameral legislature with two houses: the House of Representatives and the Senate. The House of Representatives would have representation based on each state's population, satisfying the larger states. The Senate, on the other hand, would have an equal number of representatives for each state, regardless of population, ensuring that smaller states had a voice and influence in the legislative process.
what resulted in the loss in value of the continetial dollar
The loss in value of the Continental dollar, which occurred during the American Revolutionary War, was primarily due to several factors.
1. Overissuance: The Continental Congress printed and issued large quantities of Continental currency to fund the war effort. This led to an excessive increase in the money supply, causing inflation and a decrease in the value of the currency.
2. Lack of Confidence: The Continental dollar lacked the backing of tangible assets or a stable economic system, leading to a lack of confidence among the public. Many people were skeptical about the future value and stability of the currency, which further contributed to its decline.
3. Counterfeiting: Counterfeiting of Continental currency was rampant, partly due to the relative ease of printing the bills. The influx of counterfeit notes into circulation further devalued the currency and eroded public trust.
4. Speculation and hoarding: As the value of the Continental dollar declined, people began to lose faith in its worth. This led to hoarding of goods, price speculation, and people insisting on being paid in alternative currencies or bartering instead.
The cumulative impact of these factors resulted in hyperinflation and a significant loss in the value of the Continental dollar. By the end of the war, its value had significantly diminished, rendering it practically worthless. This experience with a depreciated fiat currency influenced the Founding Fathers in their approach to establishing a stable and valuable national currency with the creation of the United States dollar.
1. Overissuance: The Continental Congress printed and issued large quantities of Continental currency to fund the war effort. This led to an excessive increase in the money supply, causing inflation and a decrease in the value of the currency.
2. Lack of Confidence: The Continental dollar lacked the backing of tangible assets or a stable economic system, leading to a lack of confidence among the public. Many people were skeptical about the future value and stability of the currency, which further contributed to its decline.
3. Counterfeiting: Counterfeiting of Continental currency was rampant, partly due to the relative ease of printing the bills. The influx of counterfeit notes into circulation further devalued the currency and eroded public trust.
4. Speculation and hoarding: As the value of the Continental dollar declined, people began to lose faith in its worth. This led to hoarding of goods, price speculation, and people insisting on being paid in alternative currencies or bartering instead.
The cumulative impact of these factors resulted in hyperinflation and a significant loss in the value of the Continental dollar. By the end of the war, its value had significantly diminished, rendering it practically worthless. This experience with a depreciated fiat currency influenced the Founding Fathers in their approach to establishing a stable and valuable national currency with the creation of the United States dollar.
so the answer is
The loss in value of the Continental dollar during the American Revolutionary War was primarily due to factors such as overissuance of currency, lack of confidence in its backing and stability, counterfeiting, and speculation/hoarding.