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Question
Which is the BEST description of the economic crisis facing the United States under the Articles of Confederation?
Responses
A Under the Articles of Confederation, the federal government did not regulate the national bank, which led to widespread inflation.Under the Articles of Confederation, the federal government did not regulate the national bank, which led to widespread inflation.
B America piled up a huge national debt during the Revolutionary War, but the Federal government was unable to collect taxes to pay off the debt.America piled up a huge national debt during the Revolutionary War, but the Federal government was unable to collect taxes to pay off the debt.
C America entered a period of recession following the American Revolution because of conflict between northern industrialists and southern plantation owners.America entered a period of recession following the American Revolution because of conflict between northern industrialists and southern plantation owners.
D Several new territories were added to the nation because of the Articles of Confederation and the federal government began to collect income taxes to fund acquisition of the land.