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Chapter 8: The New dry land 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 topic cash resulting in inflationU.S. dollar bill sign compared to the Spanish dollarMost of the funds ended up in the detainment of merchantsU.S.

continued to be a supplier of raw materials and an importer of be products especially from Great BritainBritish merchants began a major trade with Americans *     Resulting in *     exportable goods reduced by fighting *     trade shortfall rose       Left the field with little sliver crack out ( cash) in circulation *              Banks insisted on re getment of old loans1784- terra firma in deep stinting mental pictureCountry was already in debt before depression *      Creditors owed more(prenominal) than 50 million *       sex act was not allowed to heighten taxes *      democracy taxed residentsState Remediesradicals previseed for regulation of the economyfarmers and debtors pressed for effective tender laws   *    would get slew a paper bills at face cling to *    seven states enacted such laws *    the programs worked picturesque well without problems originally feared by creditorsRhode Island To relieve the distressed1786 enacted redical currency law   the law put the paper currency wakeless tender to all debts If creditors refused to authorize a debt and soce the currency that would be used to break the debt can be tending(p) to a judg who can then declare the debt paidState elected mellow tariff barriers to curb imports and lift domestic industries Movement toward a New National GovernementAnnapolis foregather 1786 Virginian legislature invited all states to abuse delegates to a convening *    dozen delegates from five states attendedPassed a settlement requesting Confederation Congress call on all states to appoint delegates to a national traffic pattern 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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