What resulted from the loss in value of the Continental
dollar? (1 point)
Congress began to sell sections of land in the Northwest
Territory.
Expeditions were sent to the West in search of gold and
silver to back the new paper money.
Foreign countries demanded repayment of their war
loans from the government.
Trade became complicated because states printed their
own currencies.
Trade became complicated because states printed their own currencies.
The loss in value of the Continental dollar resulted in several outcomes. One outcome was that trade became complicated because states started printing their own currencies. Another outcome was that foreign countries demanded repayment of their war loans from the government. Additionally, Congress began selling sections of land in the Northwest Territory as a way to generate revenue. Expeditions were also sent to the West in search of gold and silver to back the new paper money.
Based on the given options, the correct answer is: Trade became complicated because states printed their own currencies.
To arrive at this answer, we need to consider the context of the Continental dollar and its loss in value. The Continental dollar was the currency issued by the Continental Congress during the American Revolutionary War. However, due to several factors such as excessive printing of money, lack of backing, and inflation, the value of the Continental dollar significantly decreased.
As a consequence of the loss in value of the Continental dollar, trade became complicated because states started printing their own currencies. Each state issued its own paper money, making it difficult for businesses and individuals to conduct trade across state lines. These state currencies often varied in value and were not widely accepted outside of their respective states. This lack of a unified currency created economic chaos and hindered interstate commerce.
Therefore, out of the given options, the most direct impact of the loss in value of the Continental dollar was that trade became complicated because states printed their own currencies.