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The New Jersey Plan, by definition, was a group of proposals presented by William Patterson of New Jersey to the Constitutional Convention on June 15, 1787. The plan was created in response to the Virginia Plan, which called for two houses of Congress, both elected with apportionment according to population. The New Jersey Plan basically focused on ensuring that small states got an equal share of representation.
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The farmers produced more food than needed and were able to feed people like the craft workers and traders
Short term effects might be the wars and conflicts waged because of the conflicted ideas of communism and capitalism and the long term effects might be financial crisis and people hold grudges.