DOC 2 Chapter Notes - Chapter 4: Eric Foner, Daniel Shays
Document Summary
Founding a nation, 1783-1791: give me liberty! Ratified by the states in 1781 (cid:494)sought to balance the need for national coordination of the war of danger to liberty(cid:495) Only the minimum needed to maintain independence. Independence with widespread fear that centralized political power posed a. No power to levy taxes or regulate commerce. Revenue mainly came from donations/contributions from individual states. Congress had to borrow a lot of money by selling interest-bearing bonds and paying soldiers and suppliers in notes. Imported goods have had a negative consequence: Since congress can(cid:495)t do anything, the states made their own economic policies. Tariffs on imported goods governments for relief. This caused farmers to have lots of debt pressured state more paper money inflation. To increase the amount of money in circulation, several states printed. Armed uprising in massachusetts during 1786 and 1787. American farmers rebelled against state and local enforcement of tax. Uprising against (cid:494)perceived economic and civil rights injustices(cid:495)
