Which of the following economic developments occurred in the years immediately following the American Revolution?
A) The nation experienced record levels of deflation.
B) Agriculture and trade were thriving, with the number of goods on the market at an all-time high.
C) Some merchants hoarded goods, hoping to profit from shortages.
D) Congress kept the states from fixing wages and prices under any circumstances.
E) The concept of free trade was rejected under the new government, essentially without any debate.

Question

Quizplus · Accepted Answer

Following the American Revolution, the economic situation was chaotic, with various disruptions in trade and supply chains. Some merchants took advantage of these conditions by hoarding goods, anticipating that shortages would drive up prices and increase their profits. This practice was part of the broader economic challenges facing the new nation, including inflation, debt, and the need to establish a stable currency and financial system.

Which of the Following Economic Developments Occurred in the Years