9) Which is the BEST description of the economic crisis facing the United States under the Articles of Confederation?
A)
Under the Articles of Confederation, the federal government did not
regulate the national bank, which led to widespread inflation.
America piled up a huge national debt during the Revolutionary War, but
the Federal government was unable to collect taxes to pay off the debt.
B)
America entered a period of recession following the American Revolution
because of conflict between northern industrialists and southern plantation
owners.
D)
Several new territories were added to the nation because of the Articles of
Confederation and the federal government began to collect income taxes
to fund acquisition of the land.