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The decentralized government was unable to provide a stable currency that was backed by gold securities, and as a result of this the paper money that was issued was extremely weak and under valued. Problems such as this violent mob of farmers, clearly indicated that the current system was failing and the need for a centralized government was great...
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Although the Articles of Confederation did not do a good job of facilitating economic growth, it did act as an important indicator of what needed to be mended by the Constitution. Although Hamilton's vision of a central banking system was way before its time, as the Federal Reserve System was not formed until 1913, he did play an instrumental role in the formation of the constitution...
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