Economic despair, caused by the Congress’s inability to pay, was one of the primary causes of Shays’ Rebellion. Congress was able to generate funds that they could use to fund their war. Since the worth of their money was so low, they lost GB as a trading partner. They still owe some national debt to France, as well as to the troops. All of this caused some farmers to fear because they seemed to be losing more (James, et al. 39). The farmers in Massachusetts had some farm mortgages, which caused them to get some foreclose. The Shays’s Rebellion, therefore, tells us that the postwar America faced some complaints that had some foreign taxes which made the American’s to protest (James, et al. 34). Most of the rebels wanted to capture the arsenal federal so that they could harass the leading merchants, the supporters as well as the lawyers from the state government.
What was Hamilton’s vision of the future? What policies did he implement to achieve it? How was Jefferson’s vision different?
Hamilton’s central vision of the future was to eradicate the crisis of the economy after the war. He said that we need to have some obligation of paying back some debt at some face value (James, et al. 27). Hamilton, therefore, suggested that the government needed to assume some debts that were owed by the personal states. All this made the states to be motivated and be okay with the issue of the taxes and later unified them. It also showed that the federal government was quite generous and powerful. He, therefore, proposed the issue of taxation (James, et al. 23). Hamilton was able to release three different reports which foresaw the future of America because some banks could assist in bringing wealth in America.
Thomas Jefferson’s vision was different because he brought about the idea of taking the state debts. He also brought the thought about farmers bringing liberty to the nation. He felt that it had some favoritism towards the states from the northern region, the city and merchants as well. The bigger states had successfully paid some of their debts, and this made them feel unfair. Most of the political parties which were created during this era developed the idea and vision of Thomas Jefferson and Hamilton.
What were social classes created by the economic revolution? Describe their defining characteristics.
The economic revolution created social classes basing on the wealth of the people. The richest group of people was about 1% and owned about 40% of the property. From this case, the government had some policies that permitted the wealthy workers to be more prosperous from the expense of some of the poor people. The other social classes created by the economic revolution was the middle class. The middle class has some material comforts (James, et al. 39). The defining characteristics of the middle class are the education that they offered to the children. On the other hand, the hard-working people regarded their work as a social benefit. They appeared to be a group of some competent people (James, et al. 32). The poor casual workers were also a social class that owned no property or even less property. They did not have some predictable jobs. They could do the work of their children. Finally, they acquired some filthy living circumstances.
James A. Henretta, et al. America: A Concise History, Volume One. Bedford/St. Martin’s (Sixth Edition), 2014. ISBN: 978-1457648656