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Chapter 5 – Creating a New Government - page 8 / 44

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A New National Government

Economic problems

Private citizens and businesses in every state had money problems after the war.

New England’s trade with Britain and the British West Indies was lost. Traders had to pay high customs duties.

The southern economy was hurt without Great Britain’s bonuses to support key colonial industries such as indigo and naval stores.

Paper money that was not backed by gold or silver was issued—led to inflation.

States could levy taxes.

Some states required taxes be paid in gold or silver.

People who could not pay were jailed.

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