What were the terms of the "hard-money laws" passed by many states after the Revolutionary War to ensure settlement of the war debt?
A) Debts had to be paid using official state-issued paper currency rather than by check.
B) Debts had to be paid in silver or gold rather than paper currency.
C) States first reimbursed elite local supporters and then foreign governments.
D) State and local governments initiated taxes on solid goods to generate revenue.

Question

Quizplus · Accepted Answer

The "hard-money laws" required debts to be paid in silver or gold rather than paper currency, as these metals were considered more stable and valuable compared to the depreciated paper currencies issued during and after the war.

What Were the Terms of the "Hard-Money Laws" Passed by Many