Question

How was the creation of money handled under the Articles of Confederation?

In the confederate system, each state created its own money.
The federal government alone created money.
Each state and the national government created money.
The Articles of Confederation did not mention creating or managing money.

Answer 1

[AI-generated answer — Bot GPT 3.5]

Under the Articles of Confederation, each state had the authority to create its own money. This resulted in a chaotic and inconsistent system where each state's money had varying values and there was no unified national currency. The lack of a centralized authority to regulate and manage the creation of money contributed to the economic difficulties faced by the young nation during this period.