ORDINANCE OF 1785 A law that regulated land sales in the Old Northwest The land

Ordinance of 1785 a law that regulated land sales in

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ORDINANCE OF 1785 A law that regulated land sales in the Old Northwest. The land surveyed was divided into 640-acre plots and sold at $1 per acre. In 1787, Congress decided to sell off large tracts to private groups, including 1.5 million acres to the Ohio Company, organized by New England land speculators and army officers. for decades, actual and prospective settlers pressed for a reduction in the price of government-owned land, a movement that did not end until the Homestead Act of 1862 offered free land in the public domain. NORTHWEST ORDINANCE OF 1787 Law that created the Northwest Territory (area north of the Ohio River and west of Pennsylvania), established conditions for self-government and statehood, included a Bill of Rights, and permanently prohibited slavery. Prohibited slavery in old northwest People still did it anyway Empire of Liberty - The idea that the United States would not rule its new territories as colonies, but rather would eventually admit them as full member states The Confederation’s Weaknesses National government and country faced worsening economic problems Congress sold interest-bearing bonds to finance war. With no source of revenue, there was no way to pay back interest or debt at all USA ships couldn’t trade in West Indies Imported goods flooded the market and undercut many craftsmen and artisans. Brought down wages and drained money from country In 1784 the Empress of China set sail for Canton, the first ship under the American flag Carried wine, furs, Spanish silver, and American ginseng Cam back with silk, tea, and porcelain. Due to Congress’ inability to do anything, states adopted their own economic policies
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Tariffs were imposed Many were in danger of losing their property Large amounts of money was printed Debt collection was postponed Shays’s Rebellion Shays’s Rebellion - Attempt by Massachusetts farmer Daniel Shays and 1,200 compatriots, seeking debt relief through issuance of paper currency and lower taxes, to prevent courts from seizing property from indebted farmers Called themselves “regulators” 1786-1787 Rebels were dispersed in January of 1787 by a militia headed by Benjamin Lincoln. Over 1,000 participants were arrested Persuaded an influential group that the national government had to be strengthened in order to develop economic policy and protect landowners Nationalists Of The 1780’s James Madison: Virginian, ally of TJ, thought about the nature of political freedom. Among group that wanted a stronger national gov’t. Alexander Hamilton: army officer at 20 yrs, married into NY family. Advocated for energetic gov’t that would lead to nation to strong commercial/diplomatic presence in world affairs. Hamilton & Madison were nation-builders (more national authority) Nationalists: army officers, members of Congress, diplomats.
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