QuestionAugust 18, 2025

The circulation of paper money in the early 1700 s __ a) devalued the dollar. b) was backed by the Continental Congress. c) was controversial in Massachusetts because it was based in part on land values. d) was made by the national bank.

The circulation of paper money in the early 1700 s __ a) devalued the dollar. b) was backed by the Continental Congress. c) was controversial in Massachusetts because it was based in part on land values. d) was made by the national bank.
The circulation of paper money in the early 1700 s __
a) devalued the dollar.
b) was backed by the Continental Congress.
c) was controversial in Massachusetts because it was based in part on land
values.
d) was made by the national bank.

Solution
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Answer

c) was controversial in Massachusetts because it was based in part on land values. Explanation In the early 1700s, Massachusetts issued paper money that was controversial due to its backing by land values rather than gold or silver. This led to debates about its value and stability.

Explanation

In the early 1700s, Massachusetts issued paper money that was controversial due to its backing by land values rather than gold or silver. This led to debates about its value and stability.
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