Question

united states history i: beginnings to the industrial revolution ic qtr b behl continuous learning center - credit bearing (tutor) washingtons presidency which statement was true of the us economy in 1790? the us only had money printed by the federal government. the us easily borrowed large sums of money. the us was paying back its loans. the us had trouble borrowing money to pay its debts.

Explanation:

In 1790, the United States was a newly - formed nation. It had significant debts from the Revolutionary War. The federal government was not yet well - established in terms of its financial credibility. There was no single, unified currency (so the statement about only having federally - printed money is false). Due to its uncertain financial situation, it had trouble borrowing money to pay its debts (not easily borrowing large sums, so that statement is false). Also, it was not in a position to easily pay back loans at that time (so that statement is false).

Answer:

The US had trouble borrowing money to pay its debts.