Post Revolutionary Era 10-07 Notes

Post Revolutionary Era 10-07 Notes - Post Revolutionary Era...

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Post Revolutionary Era 10/07/2010 a) Life is not good/”critical period” (1781-1787) a. Tremendous war debt b. Prices fluctuating wildly à economic chaos c. Farmers suffering, trying to hold on to land d. Power vacuum à who is in charge?/where will power lie? b) Articles of Confederation (1777) a. Perpetual, cannot be dissolved b. Creates “a firm league of friendship” between the US i.Each state receives their own sovereignty c. Does not set up centralized gov. d. Decisions require approval 9 of 13 states e. To amend articles, all states need to approve f. Did create 1 house-Congress i.CAN 1. Declare war 2. Make treaties 3. Coin money 4. Mail ii.CANNOT 1. Revenue thru taxation 2. Create army g. Problematic system à make energetic national gov. impossible h. Massive inflation during 1780s c) Shay’s Rebellion (1786-1787) a. Lead to creation of constitution (direct link) b. Problem: men are receiving pay for service but inflation has made it worthless i.Cannot pay debt so they fall into debt and land is seized
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Post Revolutionary Era 10-07 Notes - Post Revolutionary Era...

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