During the American Revolution,what happened to the economy?
A) The national government passed a law mandating prices that every state had to follow.
B) Despite the war,the price for food dropped significantly.
C) Some merchants hoarded goods.
D) Congress urged that household items be bought with gold or silver.
E) The government refused to issue paper money.

Question

Quizplus · Accepted Answer

During the American Revolution, some merchants hoarded goods, causing shortages and inflation. Additionally, the war disrupted trade and commerce, leading to economic difficulties. While Congress did issue paper money (known as Continental Currency), it suffered from high inflation and was eventually devalued. There was no national law mandating prices or urging the use of gold or silver for household items. While food prices may have fluctuated during the war, they generally rose due to supply disruptions and increased demand.

During the American Revolution,what Happened to the Economy