Question
What effect did this article have on the economy of the United States? C&G.1.1 The Congress shall have power __ To coin Money, regulate the Value thereof __ and fix the Standard of Weights and Measures. __ -Article I, Section 8, of the U.S . Constitution a. It created a single currency to facilitate trade b. It allowed the government to buy property c. It eliminated the need for a national bank d. It eliminated the need to tax the citizens for funds
Answer
4.1
(250 Votes)
Nerys
Master · Tutor for 5 years
Answer
a
Explanation
This question refers to Article I, Section 8 of the U.S. Constitution. The extract from the charter contains information about the powers conferred on Congress about the regulation of currency, it states that "The Congress shall have power ... To coin Money, regulate the Value thereof ... and fix the Standard of Weights and Measures". This gave Congress the power to create and control currency, enabling it to regulate value and therefore influence the nation's economy. One of the effects on the United States was the actualization of a universally accepted forms of exchange, facilitating commerce within the nation's borders. Options B, C, and D are erroneous because they address concepts that are not directly related to the text in question, namely the government's capability to purchase property, the indispensability of the national bank, and the necessity for citizens to pay taxes, respectively.