American Republic

American Republic - T he Creation of the American Repub lic...

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The Creation of the American Repub- lic I. Problems with the Confederation A. Finance 1. Refused to tax their constituents enough to fund the war against Eng- land -- forced to borrow money, and just print money with nothing to back it up except the credit of the not yet sovereign United States a) currency rapidly decreased in value 2. Faced with the total collapse of their monetary system, the Con. Con- gress asked the states to allow them to levy a 5% duty on imported goods a) all the states had to agree before this amendment could pass -- NY and RI refused to agree B. Commercial 1. International trade: numerous trade restrictions placed on United States by England after the war a) if satisfactory deals were to be made with other nation-states, there needed to be a more united front b) articles denied congress the power to create this united national front -- states left to create these trade deals on their own 2. Supporting Point C. Domestic 1. Shay’s Rebellion a) Massachusetts was in economic disarray following the American revolution -- imposed new tax on farmers -- farmers drowned under
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American Republic - T he Creation of the American Repub lic...

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