ARP342 Paper Money Riot
The economic problems of paper money lead to political violence.
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Show Notes
Years of issuing paper money to finance the Revolutionary War continued in the post war era. By 1786, farmers in debt wanted to continue paper money policies that would make it easier to pay their debts. Merchant creditors opposed these policies. States that failed to address these demands often found themselves facing rioters who wanted to shut down the government.
Blog https://blog.AmRevPodcast.com includes a complete transcript, as well as more resources related to this week's episode.
Book Recommendation of the Week: Unruly Americans and the Origins of the Constitution, by Woody Holton.
Online Recommendation of the Week: The Paper Money Craze of 1786: https://cdn.theatlantic.com/media/archives/1886/09/58-347/131865758.pdf
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