Tuesday, October 26, 2010

Shay's Rebellion and the Foreclosure Crisis

There really is little new under the sun, or in American politics.

One of the commentators in the previous post mentioned that Shay's Rebellion was driven by a large measure by farmers concerned that their lands would be foreclosed upon due to an ongoing economic crisis.

Sounds familiar.

- Wikipedia: Shay's Rebellion.
- US History: Shay's Rebellion.
- Commentary by Roy Oppenheim.
- The Hill.
- Washington Post.

The rebellion is held to have demonstrated the need for a strong central government to effectively address such crises in order to ensure chaos does not engulf the republic. Since a central government was in fact established, it's worth considering whether the effort was successful.