QUESTION IMAGE
Question
16 multiple choice 4 points the united states should pay its debts from the war. the federal government should pay the war debts of the states. the federal government should issue new government bonds to cover these debts. these bonds should pay interest. people will be able to rely on these bonds as a form of money. what was an important consequence of these elements? they made it difficult for americans to trade with other countries. they helped shopkeepers and farmers who had supplied the continental army. they benefited farmers who had borrowed money during the war. they helped the new nation establish good public credit. clear my selection
Paying war - debts, assuming state debts, and issuing interest - paying bonds all contribute to building public trust in the new nation's financial system, which is crucial for establishing good public credit.
Snap & solve any problem in the app
Get step-by-step solutions on Sovi AI
Photo-based solutions with guided steps
Explore more problems and detailed explanations
They helped the new nation establish good public credit.