Chapter 5 section 2

Tariffs

Taxes on imports or exports

interstate commerce

trade between two or more states

Inflation

Occurs when there are increased prices for goods and services combined with the reduced value of money

Depression

A depression is a period of low economic activity combined with a rise in unemployment

Shays Rebellion

The uprising of farmers to protest high taxes and heavy debt
A. Mass. taxes hit farmers hard
B. Protested in 1786 the high taxes and debt
C. Showed the articles of confederation that they needed to change

Challenges

Trading with Britain after the treaty of Paris because Britain shut down many of the ports for American ships. Made us pay higher tariffs on imports and exports. Merchants had to put items at a higher price. This eventually caused a bad economy in America

economic depression

Caused by Trade activity was low unemployment

Daniel Shays

a poor farmer and Revolutionary War veteran who led hundreds of men to shutdown the court system

Tariffs

Taxes on imports or exports

interstate commerce

trade between two or more states

Inflation

Occurs when there are increased prices for goods and services combined with the reduced value of money

Depression

A depression is a period of low economic activity combined with a rise in unemployment

Shays Rebellion

The uprising of farmers to protest high taxes and heavy debt
A. Mass. taxes hit farmers hard
B. Protested in 1786 the high taxes and debt
C. Showed the articles of confederation that they needed to change

Challenges

Trading with Britain after the treaty of Paris because Britain shut down many of the ports for American ships. Made us pay higher tariffs on imports and exports. Merchants had to put items at a higher price. This eventually caused a bad economy in America

economic depression

Caused by Trade activity was low unemployment

Daniel Shays

a poor farmer and Revolutionary War veteran who led hundreds of men to shutdown the court system