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.
Only 600 were left standing in what was one of the costliest battles in the pacific front. The japanese were the most affected with heavy casualties and suicide cases.
James Madison played a great role in establishment of the US as a republic. During the writing of the constitution, the founding fathers were adamant that they wanted democratic system of governance. However, they were torn between a direct democracy and a republican democracy. James Madison dismissed a direct democracy since the US is a large country and thus impossible to be governed through direct pure democracy. Instead, the father of the constitution argued for a scheme of representation in a republican setting. He especially lauded such a government since it even catered for the rights of the minority than in direct democracies.
