Financing the Revolution was difficult for the American side because

Question

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Congress did not have the authority to impose taxes, which made it difficult for them to raise funds for the war effort. This led to the issuing of paper money, which eventually led to inflation and further financial difficulties. The colonists' wealth had not all been kept in London, and bonds were in use during this time period. While foreign nations were hesitant to loan money, they did eventually provide some financial support.

Financing the Revolution Was Difficult for the American Side Because