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Chapter 8: The New Nation Class of 2012:Outline The Crisis of the 1780sEconomic CrisisOrigins in the Revolution: *   shortage of goods resulting from the British Blockade *   demand for supplies by the army and the militias *   flood of paper capital resulting in inflationU.S. dollar sign compared to the Spanish dollarMost of the money ended up in the detainment of merchantsU.S.

continued to be a supplier of raw materials and an importer of conciliate products especially from Great BritainBritish merchants began a major trade with Americans *     Resulting in *     exportable goods r educed by fighting *     trade shortage rose       Left the verdant with little sliver liberty chit out ( cash) in circulation *              Banks insisted on re getment of old loans1784- country in deep economic mental pictureCountry was already in debt before depression *      Creditors owed more than 50 million *       coitus was not allowed to heighten taxes *      State taxed residentsState Remediesradicals previseed for regulation of the economyfarmers and debtors pressed for profound tender laws   *    would get down a paper bills at face treasure *    seven states enacted such laws *    the programs worked bewitching well without problems originally feared by creditorsRhode Island To relieve the distressed1786 enacted redical currency law   the law tell the paper currency reasoned tender to all debts If creditors refused to lead a debt thence the currency that would be used to pay the deb t can be given to a judg who can then decla! re the debt paidState elected higher(prenominal) tariff barriers to curb imports and nurture domestic industries Movement toward a New National GovernementAnnapolis convening 1786 Virginian legislature invited all states to institutionalize delegates to a convening *    xii delegates from five states attendedPassed a endurance requesting Confederation Congress call on all states to broadcast delegates to a national convention that they might render the constitution of the...If you want to get a full essay, order it on our website: OrderCustomPaper.com

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