asked 93.3k views
4 votes
Why did the U.S. government have difficulty repaying its war debts under the Articles of Confederation?

Foreign countries increased their interest rates.
The government had no power to raise taxes.
Foreign countries would only accept gold bullion.
The states had no power to print their own currency.

asked
User Berrin
by
8.5k points

1 Answer

3 votes

Answer:

Foreign countries increased their interest rates.

Step-by-step explanation:

America didn't have all the money the states wanted.

answered
User Fredmat
by
7.9k points
Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.