Why did the Framers of the Constitution put the regulation of monetary policy in the hands of the federal government instead of the states?
Responses
unit 2 quiz foundations of government
They wanted the central government to be supreme over the states.
They wanted the central government to be supreme over the states.
They wanted the nation to have a unified currency.
They wanted the nation to have a unified currency.
They wanted the nation to avoid inflation and deflation.
They wanted the nation to avoid inflation and deflation.
They wanted the central government to control the economy of each state.
1 answer
The Framers of the Constitution put the regulation of monetary policy in the hands of the federal government instead of the states for several reasons. One reason was that they wanted to ensure that the central government was supreme over the states in matters related to the economy. Additionally, the Framers recognized that having a unified currency across the nation would strengthen the economy and make trade between states easier. They also wanted to avoid issues related to inflation and deflation, which can be destabilizing for the economy. Overall, the Framers were focused on creating a strong and stable economy, and they believed that centralized control over monetary policy was essential to achieving this objective.