0
Still curious? Ask our experts.
Chat with our AI personalities
Steve
Coach
LaoAdd your answer:
Earn +20 pts
Congress didn't provide the army with enough equipment because?
it didn't have enough money.
Congress established the reconstruction finance corporation to loan money to?
banks so they could lend money to businesses to stimulate economic activity
A difference between money issued by colonies and money issued by the continental congress was that the money issued by each colony was?
money issued by each colony was backed by real wealth.
Why is it important for only Congress to print and coin money?
People are constantly asking the government to spend more money on them, in the form of welfare, social security, etc, without raising the taxes. The best means of doing so is to create inflation. Economists have noted that the highest increase of inflation can be about 5% before the public catches on a panics. In the US, the inflation rate is about 2.5%. One other issue the government has to take into consideration is the debt. To pay off the ever-increasing debt, congress coins that money.
What is the currency power?
The currency power is one of the powers given to Congress in the United States government. Congress has the power to coin money and authorizes the Treasury to print a standard form of currency.
