The New Nation Flashcards
Post-war Recession
US was bankrupt due to debts to France and Spain.
The increased printing of money resulted in hyperinflation, later brought under control by Robert Morris as he ceased the printing.
Bank of North America
Established by Robert Morris
- strict in collecting debts
Soldier’s Unpaid Salaries
The ineffectiveness of the congress prevented the soldiers from being paid, despite being promised money and land at the end of the war.
Newburgh Conspiracy 1783
Junior officers also not being paid the promised amount, resulting in outrage and a meeting with George Washington.
Brought sentiment from the soldiers as they saw Washington was getting old.
Historians saw it as a representation of a society in crisis, and some believing it was a plot.
Treaty of Paris 1783
Negotiated with British commissioner Oswald, who gave Americans everything they wanted.
Independence was recognised, Americans gaining all land between Appalachian mountains and Ohio River