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Additional Prompts:
- In Federalist 10 James Madison mentions "wicked projects" including "A rage for paper money." What was he refering to specifically? Provide references and additional readings.
- - Additional readings:
- - - the postwar debt crisis.
- - - debtor-relief laws.
- - - Rhode Island’s paper-money policy
- - - Article I, Section 10 forbids states to “emit Bills of Credit.
- - Protesters in Shays’s Rebellion sought relief from taxes, debts, and foreclosures and shut courts to prevent collections.
- In Federalist 10 James Madison mentions "wicked projects" including "A rage for . . . an abolition of debts." What was he refering to specifically? Provide references and additional readings.
- - Additional readings:
- - - Debtor relief took several forms:
- - - - delaying collection through installment laws,
- - - - accepting property instead of money as payment,
- - - - issuing paper money that creditors had to accept, or
- - - - preventing courts from hearing collection cases.
- In Federalist 10 James Madison mentions "wicked projects" including "A rage for . . . an equal division of property." What was he refering to specifically? Provide references and additional readings.
- - Additonal readings:
- - - agrarian law
- - - leveling scheme
- - - The leveling spirit
- - - In 1787 John Adams described a possible sequence in which a propertyless voting majority would first abolish debts and ultimately vote to divide property equally.