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What Were the Terms of the "Hard-Money Laws" Passed by Many

Question 37

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What were the terms of the "hard-money laws" passed by many states after the Revolutionary War to ensure settlement of the war debt?


A) Debts had to be paid using official state-issued paper currency rather than by check.
B) Debts had to be paid in silver or gold rather than paper currency.
C) States first reimbursed elite local supporters and then foreign governments.
D) State and local governments initiated taxes on solid goods to generate revenue.

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