What resulted from the loss in value of the Continental dollar? (1 point) Responses Foreign countries demanded repayment of their war loans from the government. 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. Congress began to sell sections of land in the Northwest Territory. 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.

Question

What resulted from the loss in value of the Continental dollar? (1 point) Responses Foreign countries demanded repayment of their war loans from the government. 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. Congress began to sell sections of land in the Northwest Territory. 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.

Answer 1

Trade became complicated because states printed their own currencies.

Answer 2

The loss in value of the Continental dollar resulted in trade becoming complicated because states printed their own currencies.

Answer 3

To determine the answer, we need to analyze each option separately and see which one is the most likely result of the loss in value of the Continental dollar.

1. "Foreign countries demanded repayment of their war loans from the government": This option suggests that the devaluation of the Continental dollar led to foreign countries requesting repayment of their loans. However, it is important to note that the Continental dollar was the currency used by the American colonies during the Revolutionary War, and it lost its value after the war. While the devaluation of the currency might have affected foreign relations, there is no direct evidence to support the idea that foreign countries demanded repayment of their war loans due to the loss in value of the Continental dollar.

2. "Trade became complicated because states printed their currencies": This option suggests that the loss in value of the Continental dollar led to states printing their own currencies, which resulted in trade complications. This is a more likely consequence of the devaluation of the Continental dollar. When the continental currency lost value, individual states began issuing their own currencies, leading to a lack of uniformity and making trade difficult.

3. "Congress began to sell sections of land in the Northwest Territory": This option implies that the loss in value of the Continental dollar led Congress to sell sections of land in the Northwest Territory. While it is true that after the Revolutionary War, Congress did sell land in the Northwest Territory to raise revenue, there is no direct connection between the devaluation of the Continental dollar and this specific action.

4. "Expeditions were sent to the West in search of gold and silver to back the new paper money": This option suggests that in response to the loss in value of the Continental dollar, expeditions were sent to the West to find gold and silver to back the new paper money. There is no evidence to support the idea that the devaluation of the Continental dollar led to such expeditions.

Considering the options given, the most likely result of the loss in value of the Continental dollar is that trade became complicated because states printed their own currencies.