What resulted from the loss in value of the Continental dollar?(1 point)
Responses
Expeditions were sent to the West in search of gold and silver to back the new paper money.
Expeditions were sent to the West in search of gold and silver to back the new paper money.
Congress began to sell sections of land in the Northwest Territory.
Congress began to sell sections of land in the Northwest Territory.
Foreign countries demanded repayment of their war loans from the government.
Foreign countries demanded repayment of their war loans from the government.
Trade became complicated because states printed their own currencies.
1 answer
The correct response is:
Trade became complicated because states printed their own currencies.
The loss in value of the Continental dollar led to significant economic issues, including hyperinflation and a lack of confidence in paper currency, prompting individual states to print their own money. This created confusion and complications in trade among the states.
