Chapter 6 Part 2: 1763-1783

The result of Congress issuing hundreds of dollars in paper money to finance the Revolutionary War.

Inflation

Those who believed in this argued that economic development arose from economic self-interest, which clashed against the traditional view that men should sacrifice for the public good.

Free trade

Adam Smith’s great treatise on economics which was published in England in 1776.

The Wealth of Nations

Americans who retained their allegiance to the crown during and after the American Revolution.

Loyalists

A young Mohawk leader in upstate New York who hoped to create an Indian confederacy lying between Canada and the new United States, and sided with the British to try to achieve this goal.

Joseph Brant