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Revolutionary War Economy Analysis

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When going back to the late 1700s, not too long after the ending of the Revolutionary War, is when it is first noted that the government had to step into the economy. Over the course of the war, America had very low funds and could hardly supply necessities for the soldiers. Due to this, Congress ended up accepting loans from France. By the end of the war, however, the United States could not afford to pay back the debts they now owed France. The government was aware by this point that they only had few options. They lacked control over tax authority which leads to less revenue, and if they were to print more money it would lead to hyperinflation. As a result of this, Congress stopped payments to France in 1785 due to the lack of money. And
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