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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 notes 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 devise products especially from Great BritainBritish merchants began a major trade with Americans *     Resulting in *     exportable goods reduced by fighting *     trade deficit rose       Left the untaught with little sliver passing play 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 *       sexual congress was not allowed to heighten taxes *      State taxed residentsState Remediesradicals previseed for regulation of the economyfarmers and debtors pressed for good tender laws   *    would get down a paper capital at face treasure *    seven states enacted such laws *    the programs worked lovely well without problems originally feared by creditorsRhode Island To relieve the distressed1786 enacted redical currency law   the law tell the paper currency levelheaded tender to all debts If creditors refused to lead a debt thence the currency that would be used to pay the d ebt can be habituated to a judg who can the! n declare the debt paidState elected luxuriously tariff barriers to curb imports and nurture domestic industries Movement toward a New National GovernementAnnapolis convening 1786 Virginian legislature invited all states to establish delegates to a convening *    xii delegates from five states attendedPassed a colonisation requesting Confederation Congress call on all states to consecrate delegates to a national convention that they might render the makeup of the...If you want to get a full essay, order it on our website: OrderCustomPaper.com

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