What Were the Strengths and Weaknesses of the Articles of Confederation

question 64

Essay

What were the strengths and weaknesses of the Articles of Confederation? How did they prompt the creation of a new U.S. constitution in 1787?

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Definitions:

Tax

A compulsory financial charge or some other type of levy imposed upon a taxpayer by a governmental organization in order to fund government spending and various public expenditures.

Utility Function

A mathematical expression that describes how the total satisfaction or happiness of a consumer changes with changes in consumption of goods and services.

Demand Function

A mathematical equation that describes the relationship between the quantity demanded of a good and its various determinants like price, income, and prices of related goods.

Price of X

The amount of money or compensation required to purchase one unit of product X.