Asked by Tinesrit Ahmed on Jul 02, 2024
Verified
By 1785 the inability of the people to repay their debts led to
A) the reinstatement of paper currency.
B) an argument for decreasing the power of the national government.
C) Shays' Rebellion.
D) more debtors' prisons being built.
Shays' Rebellion
A series of protests in 1786 and 1787 by American farmers against state and local enforcement of tax collections and judgments for debt.
Paper Currency
Money in the form of banknotes issued by a government or central bank as legal tender.
- Assess the financial repercussions of the American Revolution on the emerging country.
Verified Answer
SK
Shanza Kazmi7 days ago
Final Answer :
C
Explanation :
Shays' Rebellion was a direct result of the economic hardship faced by debt-ridden farmers, who were unable to repay their debts, leading to widespread unrest and rebellion in 1786-1787.
Learning Objectives
- Assess the financial repercussions of the American Revolution on the emerging country.