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... Hello, and thank you for joining the American Revolution.

This week, episode 343, Shays Rebellion.

Last week we looked at the severe economic crisis caused by post-war

economic depression. Money shortages and demands to repay war debts or making life difficult for

almost everyone. With the Revolutionary War at an end, Massachusetts, like other states,

was dealing with the many problems of peace.

The economy was in a post-war depression that pitted merchant creditors, who mostly lived in or around

Boston, against debtor farmers in the western part of the state. Part of the economic problem was the

inability to engage in much of their pre-war trade. Merchants were able to import

British goods, but could not export most of their products to Britain or its colonies.

British merchants, which had trouble collecting on old debts, insisted on cash payments,

leading to a drain on what little gold or silver remained in the state. In the western part of the state,

farming was the prime economic engine. While the farms were rather productive, no one had any money

to buy any of the farm products. Most exchanges were done through barter. Many farmers had borrowed

...