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Friars U.S. History

Financing the Revolution

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whos who
Reasons for the crash
Hoover tries to help
The New Deal for America
Photo Analysis
Evaluating the New Deal
Whos Who WWII
The Rise of Hitler
The Government of Hitler/The Fighting begins
Mobilizing for the War
Poster Analysis
Victory in Europe
The End....aren't you glad!?

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continental money

Financing the Revolution
  1. Continental Congress had very limited powers

a. Could not levy taxes

b. Had to count on the good will of the states to help with costs

c. Individual states had the power to make deals with forgeign nations if they so desired

d. The individual state became responsible for the well being of the soliders that they had sent to help the cause.

2. In response to this Conrgress began to issue paper money called Continentals

a. They were promisary notes to be paid in the future, when (if) the Americans won the war.

b. Through exchange they began to lose thier value.

c. Soon they became worthless-"not worth a continental"

d. People began to demand hard money or other resources for goods and services

e. Made commerce amongst the states difficult because no one wanted to provide services without guarentee of payment.

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Continetal Money

continental_dollar_2rev.jpg

Camp Verde High School