asked 143k views
5 votes
Which answer best describes why borrowing money was challenging for the U.S. government after the War of 1812?

A.The government could not pledge collateral.
B.The government's interest rates were really high.
C.The government needed to borrow from each state's banks.
D.The government already owed so much it couldn't get a new loan.

asked
User Hao Tan
by
8.3k points

2 Answers

4 votes

Answer:

The government's interest rates were really high.

Step-by-step explanation:

they did't paid there payment

answered
User Pramod Solanky
by
8.3k points
6 votes
B.The government's interest rates were really high.

borrowing money was challenging for the U.S. government after the War of 1812 because the government's interest rates were really high, and after having spent money for a war, spending other money for a loan with high interest were challenging, as the money available from the U.S. government was not so much at that point.
answered
User Khandpur
by
8.9k points
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