asked 76.2k views
3 votes
Which answer best describes why borrowing money was challenging for the U.S. government after the War of 1812?

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

1 Answer

6 votes
 the governments interest rates were high 
answered
User Randy Casburn
by
8.3k points
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