@HeavenlyPossum@kolektiva.social
Post #3632892
2026-07-06 16:55 UTC
Replies (1)
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@HeavenlyPossum@kolektiva.social 2026-07-06 16:59
Shays’ brief revolt was not successful and Shays himself had to flee into hiding for a time, but the revolt had a major impact on the thinking of American elites. The public was opposed to paying debts or taxes to finance those elites, and it had created governments to empower the public to erase debts. Where governments were more favorable to creditors, the public staged revolts. This was intolerable. Even worse, the governing charter of the new US republic, the Articles of Confederation, created a weak central government that struggled to raise money to finance its operations. The central government, for example, failed to raise an army to confront Shays’ Rebellion; the rebels were ultimately suppressed by a local Massachusetts army that was *privately funded* by wealthy elites in that state. 7/