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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. vaulting horse 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 shape products especially from Great BritainBritish merchants began a major trade with Americans *     Resulting in *     exportable good s reduced by fighting *     trade shortfall rose       Left the rude with little sliver fling out ( specie) 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 *       relative was not allowed to heighten taxes *      State taxed residentsState Remediesradicals previseed for regulation of the economyfarmers and debtors pressed for healthy tender laws   *    would get down a paper currency at face treasure *    seven states enacted such laws *    the programs worked sensibly 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 debt c an be given up to a judg who can then decla! re the debt paidState elected laid-back tariff barriers to curb imports and nurture domestic industries Movement toward a New National GovernementAnnapolis convening 1786 Virginian legislature invited all states to refer delegates to a convening *    xii delegates from five states attendedPassed a final result requesting Confederation Congress call on all states to address delegates to a national convention that they might render the fundamental law of the...If you want to get a full essay, order it on our website: OrderCustomPaper.com

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