As a result of having no power to collect taxes under the Articles of Confederation, the confederal government could only raise funds by doing which of the following?

Select one:

A. raiding Canadian mines

B. borrowing money on credit

C. taxing the individual states

D. regulating internal trade

Question

Social Studies

Shaniya

12 June, 18:20

As a result of having no power to collect taxes under the Articles of Confederation, the confederal government could only raise funds by doing which of the following?

Select one:

A. raiding Canadian mines

B. borrowing money on credit

C. taxing the individual states

D. regulating internal trade

+3

Answers (1)

Know the Answer?

Zhang · Answer 1

Answer

The correct answer is: borrowing money on credit

Explanation:

The federal government under the Articles of Confederation had to take out loans from foreign governments, though they also had no way of raising funds from the states to pay back these loans. Under the Articles of Confederation, the federal government quickly accumulated a large amount of national debt.

As a result of having no power to collect taxes under the Articles of Confederation, the confederal government could only raise funds by doing which of the following?Select one:A. raiding Canadian minesB. borrowing money on creditC. taxing the individual statesD. regulating internal trade

As a result of having no power to collect taxes under the Articles of Confederation, the confederal government could only raise funds by doing which of the following?

Select one:

A. raiding Canadian mines

B. borrowing money on credit

C. taxing the individual states

D. regulating internal trade