a) Spanish Dollar

The primary currency of the early United States under the Articles of Confederation was the Spanish Dollar. This reliance on a foreign currency reflected the young nation’s lack of a stable financial system and the challenges in creating a unified economy. The Spanish Dollar, widely circulated and accepted, was used due to the scarcity of a national currency. This situation underscored the weaknesses of the Articles of Confederation in managing economic affairs, leading to calls for a stronger central government capable of establishing a robust monetary system.