What was the economic result of the Continental Congress's decision to issue paper money?

Question

Quizplus · Accepted Answer

The issuance of paper money led to inflation, as the increased supply of paper currency led to a decrease in its value, making goods and services relatively more expensive. This caused serious economic problems for the colonies during the Revolutionary War, especially since the Continental Congress had no way to back up the value of the paper money with tangible assets.

What Was the Economic Result of the Continental Congress's Decision