Currency Essay
Currency Essay
Immediately after the revolutionary war the government rebelled although it had such plans even before the end of the war. The pleadings of George Washington made the government not to rebel before the end of the war. The great rift between the people and the government resulted from the rebellion that occurred in 1787. The congress thought that the information provided in the confederation was not sufficient, and as a result, they were to be rewritten in order to protect the government’s image.
It is through writing of the articles the US was to foster its trade as well as trade with other countries. The country had a lot of debts, and by enhancing its trade relationship, the problem of currency would had ended. Economy of the country was at a fix simply because no healthy trade was on the existence and the currency had devalued, (Maddex, 2002).
The problem of currency devaluation and poor trade strategies developed from the era of forefathers. The argument was that they allowed international bankers to operate in the country according to their foreign interests. In the world of trade, the party involved in the control of money controls the world, and this was the greatest mistake US forefathers did. International bankers entered into the market without any restrictions not knowing that they had a mission.
Through trade operations, the country’s currency devalued something that made the country have debts. In order to solve the problem of money devalue and repay the debt it had, the country thought of enhancing trade with other countries. Although this problem developed problems in the country, different strategies have helped the country reshape its currency and repay debts, (Maddex, 2002)
Reference:
Maddex, L. R. (2002). US Constitution A to Z: CQ Press
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