Why Couldn't The Articles Of Confederation Manage National Debt?

Описание: Ever wondered why the Articles of Confederation, America's first governing document, struggled so much with national finances? This video delves into the fundamental flaws that prevented it from effectively managing the country's burgeoning debt after the Revolutionary War.

In this explanation, we uncover:
► Why the central government lacked the power to tax, crippling its ability to raise revenue.
► How the absence of a unified currency and economic policy led to chaos among the states.
► The difficulties of enforcing financial requisitions on independent states, often ignored.
► The severe impact these weaknesses had on the new nation's credit and international standing.


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