Which is the BEST description of the economic crisis facing the United States under the Articles of Confederation?
AUnder the Articles of Confederation, the federal government did not regulate the national bank, which led to widespread inflation.
BAmerica piled up a huge national debt during the Revolutionary War, but the Federal government was unable to collect taxes to pay off the debt.
CAmerica entered a period of recession following the American Revolution because of conflict between northern industrialists and southern plantation owners.
DSeveral new territories were added to the nation because of the Articles of Confederation and the federal government began to collect income taxes to fund acquisition of the land.
AUnder the Articles of Confederation, the federal government did not regulate the national bank, which led to widespread inflation.
BAmerica piled up a huge national debt during the Revolutionary War, but the Federal government was unable to collect taxes to pay off the debt.
CAmerica entered a period of recession following the American Revolution because of conflict between northern industrialists and southern plantation owners.
DSeveral new territories were added to the nation because of the Articles of Confederation and the federal government began to collect income taxes to fund acquisition of the land.