The New Nation Flashcards

1
Q

Post-war Recession

A

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.

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2
Q

Bank of North America

A

Established by Robert Morris

- strict in collecting debts

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3
Q

Soldier’s Unpaid Salaries

A

The ineffectiveness of the congress prevented the soldiers from being paid, despite being promised money and land at the end of the war.

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4
Q

Newburgh Conspiracy 1783

A

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.

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5
Q

Treaty of Paris 1783

A

Negotiated with British commissioner Oswald, who gave Americans everything they wanted.

Independence was recognised, Americans gaining all land between Appalachian mountains and Ohio River

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