The issuance of paper money in 1690 by Massachusetts
A)was welcomed by the British, who were tired of getting paid in coinage.
B)gave prominent Boston merchants a better chance of getting loans repaid with something of value.
C)became highly controversial in colonial politics.
D)made it easier for merchants to trade outside the state.

Question

Quizplus · Accepted Answer

The issuance of paper money in 1690 by Massachusetts became highly controversial in colonial politics due to concerns about its value, inflation, and the impact on the economy.

The Issuance of Paper Money in 1690 by Massachusetts