What Were The Money Problems Faced By The Continental Congress? Because it did not possess the power to tax the colonists, the Continental Congress printed money at a rapid rate to fund the army’s expenses and pay off its loans from foreign nations. As a result, the colonies experienced severe inflation and depreciation of the
What Is The Best Way To Solve Problems? Define the problem. What exactly is going on? … Set some goals. … Brainstorm possible solutions. … Rule out any obvious poor options. … Examine the consequences. … Identify the best solutions. … Put your solutions into practice. … How did it go? How can we solve
What Does The Bible Say About Economics? Proverbs 19:17 states, “Whoever is kind to the poor lends to the Lord, and he will reward them for what they have done.” A free-market system allows us the freedom to aid the less fortunate, which enables them to see the work of Christ in our lives. What
How Can You Make Your Money Grow By Applying The Time Value Of Money As A Principle? This philosophy that states the earlier you receive money, the more earning potential it has. You can invest a dollar today with the potential to earn a return on that investment in the form of interest or dividend