1. articles of confederation
... new nation. The United States economy suffered a harsh blow under the Articles of Confederation. America was in tremendous debt to countries like France whom had offered large, monetary advances to the United States to pay for the costs of the revolutionary war. Robert Morris, the national superintendent of finance, proposed a national import duty of 5% in order to raise revenue to repay these debts. To Morris ... " misfortune, however, the Articles of Confederation required the unanimous vote of all thirteen states in order to levy national taxes. Rhode Island, the smallest state ... ...
- Word Count: 579
- Approx Pages: 2
- Grade Level: Undergraduate