The Post Revolution Crisis

The Post War Crisis

  • US faced serious problems post-war
    • huge state and national debts
    • economic depression
    • too much territory to control
    • enemies/rivals on all sides
  • articles of confederation government was too weak to solve problems
    • one vote per state
    • no executive or judiciary
    • no power to tax
    • states kept full sovereignty
  • big questions of the Revolution unresolved:
    • role and limits of central government
    • tax collection
    • western expansion
    • fate of slavery

Paying for the Revolution

  • state and national governments owed huge sums to private elite creditors
  • congress asked states to help pay
    • some refused
    • some (especially Massachussetts) raised taxes
    • hit poor/middling farmers the hardest (some owed 1/3 of income in state taxes)
    • foreclosures and property loss
    • tax and foreclosed property both went to elite creditors

\