Shay's Rebellion Economy

The newly independent Americans, who freed themselves of a suppressed British power, began to think about politics, the economy and society of the newly independent nation. After breaking away from what they thought was a corrupt and suppressive government, Americans possessed the desire to construct a plan of government that would reflect their values and what they fought for. They would then use the system to govern their society, even though after the battle for independence they turned to a more centralized government similar to England. The results of the revolution included magnification on rights and freedoms deserved of the people, a newly found structure of both government and economic systems and plans that upgraded the colonies into …show more content…
They also began to prosper indigo, rice, tobacco, and cotton in the south, while the north attempted a more industrial way of boosting the economy. “The Philadelphia Society for the Promotion of Agriculture in 1786, handed out a medal, which said, venerates the plough” (Medal of the Philadelphia Society for the Promotion of Agriculture, 1786). This medal illustrates how the rich were still praising and rewarding the poor or moderate people like free indentured servants, who seemed financially the same as they did before the revolution. In Shay’s Rebellion, farmers led by Daniel Shays, “[stopped] the courts of justice in several counties...crying out for a paper currency, [or] for an equal distribution of power” (Letter from Abigail Adams to Thomas Jefferson, 1787). Shay’s Rebellion represented the problematic economy that the common people were facing which led them to rebel. The rebellion showed the weakness of the Articles and the necessity for change. The rebellion was an effect of the nation’s war debt, and the effect of the rebellion was a financial plan proposed by Secretary of the treasury, Alexander Hamilton, where he came up with some radical ways of paying their debt with the ‘idea of paying the debt of all states fully with security bonds to ensure back the people’s money. He also constructed the idea of a national bank riding the separate colonies of their individual currencies and trade policies, uniting them to one currency and bank, maintained by the government. The essence of the American Revolution and desire for equality remained in the spirits of the people, and with the success of the American Revolution, the people grew more enthusiastic towards rebellions to get what they deserve’ (Inventing