makaylarosalas makaylarosalas

17-03-2017
Social Studies

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What led to inflation after the Revolutionary War? American paper money was not backed by gold or silver. Farmers had a lot of extra money to spend. The central government imposed high taxes. Currency in Great Britain lost value.

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bianca0205 bianca0205

17-03-2017

What led to inflation after the Revolutionary War was that American paper money was not backed by gold or silver, and this led to the countries debt.

Your answer is: American paper money was not backed by gold or silver.

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