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 marked by instability and lack of coherence, largely due to the weaknesses of the Articles of Confederation. States operated with their own currencies and trade regulations, leading to trade conflicts and economic disarray. After the Constitution was ratified, the establishment of a federal government provided a stronger centralized framework, leading to improved interstate commerce, a uniform currency, and the ability to levy taxes. This transition fostered economic growth and stability, setting the stage for a more integrated and prosperous national economy.