war finance

What Led To Inflation During The Revolution?

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What Led To Inflation During The Revolution? Money creation as a means of war finance When the United States went to war against major powers it resorted to the printing press to help finance the war. In every case the result was a substantial inflation. What caused inflation after the American Revolution? Because it did

What Caused Inflation During The Revolutionary War?

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What Caused Inflation During The Revolutionary War? 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 Continental dollar. How