In 1781 the coin shilling was worth 75 times more than a paper shilling, because of that, all debts should be paid with coin and not paper. Farmers were especially moved by that and many of them had to sell their farms to get money and pay debts. With that, Daniel Shay - a former captain in the continental army - led an army of farmers in a revolt that was called Shay’s Rebellion. They demanded tax relief and a moratorium on debt collection. In the end, the rebellion was put down but it pushed the federal government to provide economic relief.
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