Nearly four years would pass before all thirteen states had ratified the document—Maryland being the last to ratify on March 1, —and it was put into action. The Articles provided for a one-house legislature, a weak executive, no national power of taxation, a lack of standard currency, and voting by state—flaws that would eventually lead to its failure. United States Continental Congress.
The states retained the ability to adopt their own economic policies. Utilizing this power, several states printed sums of money in order for individuals to pay their debts Foner, In summation, Article VIII of the Articles of Confederation left Congress with very little financial power as well as a lack of a dependable source of revenue.
Due to the need for better regulation of interstate commerce, a group of fifty-five delegates congregated to form the Constitutional Convention, with the objective of drafting an entirely new constitution.
The Constitution completely reversed the distribution of authority, transferring numerous economic powers from the states to Congress. From this clause, it can be understood that these taxes will now be collected by Congress, in contrast to state legislatures.
However, the purpose of the taxation remains consistent with the first constitution, as they both use the money to pay debts, provide for the common defense, and promote the general welfare of the United States.
Additional clauses empowered Congress to regulate interstate and international commerce, as well as borrow and coin money. The Constitution also included conditions that barred the states from issuing paper money, levying taxes, and interfering with commerce Foner, As stated, these provisions stripped the states of the power they retained under the Articles, and bestowed them onto Congress.
Moreover, an emphasis can be placed on the issue of slavery, as it had a significant impact on the economy as well. One prominent acknowledgement of slavery with respect to the economy was the Three-Fifths Compromise.
Congress also found a source of revenue by allowing importation of slaves, yet taxing those that are taking them in. When writing the Constitution, the national government clearly found ways to generate revenue from slavery. The transfer of power from the state legislatures to the national government that resulted from this provision change can be proven to be a purely economic decision.
Due to the overwhelming debt from the war, Congress needed a more controllable, secure source of income. With the Articles of Confederation, the states were separate, but equally powerful entities. One can perceive that the national government did not believe the states would be able to succeed with this system in place.
The Constitution generated a more unified and collective assembly to work toward common goals. This was made possible by reassigning the economic sovereignty to the national government. In conclusion, the drafting of the Constitution can be simplified to a transfer of economic power to the national government used to generate secure sources of revenue to get out of debt.
The Articles of Confederation was merely too passive and vague to create a dependable taxation plan.
The Constitution administered a well-defined formulation to allow an easier way for the national government to collect income. How to cite this page Choose cite format:George Washington (22 February – 14 December ) was the successful Commander-in-Chief of the Continental Army in the American Revolutionary War from to , and later became the first President of the United States of America, an office to which he was elected, unanimously, twice and remained in from to He is generally regarded as the "Father of his country".
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The Articles of Confederation was the first authorized administration of the United States had several severe defects. Under the Articles there was just a unicameral government so that there was no division of powers.
The Articles of Confederation, formally the Articles of Confederation and Perpetual Union, was an agreement among the 13 original states of the United States of America that served as its first constitution. It was approved, after much debate (between July and November ), by the Second Continental Congress on November 15, .
Analysis of The Articles of Confederation § IN pursuance of the design already announced, it is now proposed to give an analysis of the articles of confederation, or, as they are denominated in the instrument itself, the “Articles of Confederation and Perpetual Union between the States,” as they were finally adopted by the thirteen states in Arkansas Regional Library.
NARL is a consortium of public libraries from Clay, Greene and Randolph Counties. The regional library allows for the pooling of resources to better serve the three counties.