According to the Application, what was the reason why the states started to have fiscal difficulties in the 1840s?
A. The states were at war.
B. The states experienced a recession.
C. The states undertook overly ambitious infrastructure projects.
D. The federal government stopped sending states their share of tax revenues.
Answer:C
According to the Application, what was the reason why the states started to have fiscal difficulties in the 1840s?
A. The states were at war. B. The states experienced a recession. C. The states undertook overly ambitious infrastructure projects. D. The federal government stopped sending states their share of tax revenues.