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8.1 The Crisis Of The 1780s a.k.a The Critcal Period 1© 2009 Pearson Education, Inc.
The Economic Crisis Economic problems like wartime inflation plagued the nation. Chart: Postwar Inflation, 1777–80: The Depreciation of Continental Currency After the war the key problem was depression. Britain dumped its surplus goods in American markets, creating a trade imbalance that drew hard currency out of the United States. Repayment of debt became both a political and economic problem. Chart: The Trade Deficit with Great Britain 2© 2009 Pearson Education, Inc.
FIGURE 8.1 Postwar Inflation, 1777–80: The Depreciation of Continental Currency The flood of Continental currency issued by Congress, and the shortage of goods resulting from the British blockade, combined to create the worst inflation Americans have ever experienced. Things of no value were said to be “not worth a Continental.” SOURCE: John McCusker, “How Much Is That in Real Money?” Proceedings of the American Antiquarian Society, N.S.102 (1992): 297–359. 3© 2009 Pearson Education, Inc.
FIGURE 8.2 The Trade Deficit with Great Britain The American trade deficit with Great Britain rose dramatically with the conclusion of the Revolution. SOURCE: Historical Statistics of the United States (Washington, DC: Government Printing Office,1976),1176. 4© 2009 Pearson Education, Inc.
State Remedies States erected high tariffs to curb imports and protect infant industries but these were easily evaded by shippers. The most controversial economic remedies were designed to relieve debt burden. Farmers called for laws to require creditors to accept goods and commodities and had laws passed requiring them to accept nearly worthless state paper currency. 5© 2009 Pearson Education, Inc.
A mocking pamphlet of 1787 pictured Daniel Shays and Job Shattuck, two leaders of Shays’ Rebellion. The artist gives them uniforms, a flag, and artillery, but the rebels were actually an unorganized group of farmers armed only with clubs and simple muskets. When the rebellion was crushed, Shattuck was wounded and jailed, and Shays, along with many others, left Massachusetts. He fled to a remote region of Vermont and then settled in New York. SOURCE: Anonymous, 18 th century, “Daniel Shay (c. 1747-1825) and Job Shattuck (1725-1825?),” 1787, relief cut 9 x 12.9 cm (3-9/16 x 5- 1/16”). Published in Bickerstaff’s Boston Almanack for 1787, third edition, Boston. National Portrait Gallery, Smithsonian Institution/Art Resource, NY. 6© 2009 Pearson Education, Inc.
The Confederation Era The war is over, now what? America was now and independent nation having won the Revolutionary War, but now what? What would the.
The U.S. Government under the Articles of Confederation
FORMATION OF AMERICAN GOVERNMENT: ARTICLES OF CONFEDERATION.
The New Nation Faces Challenges
Moving Toward Nationhood
Chapter 8 Vocabulary Review
The First American Government The Articles of Confederation.
ARTICLES OF CONFEDERATION First Constitution of the United States. Approved by Continental Congress in Established in the middle of the war for.
Shays' Rebellion. By the 1780s the United States faced many problems operating under the Articles of Confederation. Massachusetts farmers were outraged.
Warm-up #6 Create a t-chart showing the strengths and weaknesses of the Articles of Confederation. (Use your reading and Cornell Notes to complete this.
Ch. 19: Creating the Constitution Vocabulary: confederation, creditors, debt, debtor, inflation, depression, speculators, Daniel Shays, George Washington.
Chapter 2: Origins of American Government Section 3
Bell Work 1.Get your Ipad and check for damages and make sure you have the correct one. 2.Discuss with your shoulder partner the three battles of the American.
Governing a New Nation Shays’ Rebellion. Government by the States During the American Revolution, many states created a constitution – a document stating.
The Articles of Confederation
Problems in a New Nation 7.2. International Relations ► The young USA was very weak. ► Congress could not force states to provide money or soldiers ►
8.1 Articles of Confederation OBJECTIVE: to understand why the Articles proved too weak to handle the new nation’s problems HW 8.2.
THE CONFEDERATION GOVERNMENT OF AMERICA. ESSENTIAL QUESTION: What were the achievements and problems with the Confederation government after the American.
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