Debt

My topic is debt and how people would avoid it in the American Revolution. Everyday people during the American Revolution. People like you and me were facing many economic proplems and had to fight to avoid debt. The thirteen colonies. The British were controling over the colonies and imposing unjust and unfair taxes. Im not sure.
 * The 1700's**

WHO= Did diffrent people pay diffrent taxes? WHAT= What would the British people do in this situation? How long did the taxes take to get to America? Which colonies were affected the most? Why did the British tax America? How did Americans handle the taxes? How did debt impact thier life?

I'll ask Ms. Horn and Ms.Brem for help locating information. I could ask Ms. Brolan. Expert websites,databases,books and texts. During class. I'll use my thesis statementand research questions to figure out what to look for. Key words: "debt", "debt in colonial times" "how to beat debt" "taxation" "money"

Draft

Currency influenced the American Revolution by funding both sides and creating a reason to fight. Money was a heated subject in these revolutionary times.

Massachusettes was the first to accept a currency for the state. "Colonies money."This was intresting because they were the first to accept the nation wide money and they were the home of one of the first succesful colonies. The early leaders thought the only way to start a new nation was to issue federal money. "The American Revolution: Our fight for independence and Money in the Revolution." //U.S coin value advisor//" This would create a money system that would be used all around the new country this system would also make it easier to travel from state to state without having to switch currency.The early American currency had many flaws, it was a miracle that the army had enough money to fight. It was the first currency for America."The American Revolution: Our fight for independence and Money in the Revolution." This meant many things about the money, It meant even more about our counrty and its people. This simple quote meant that the people of America did not need perfection to be what they are they could do anytjing even if the idea had flaws, they would fight through it.

There were however many foreign influences in the way Americans would handle the economy. The diffrent money was a constant struggale for people crossing from area to area. This quote says a little something about the kind of money in the U.S during the times."Unofficial coinages, mostly foreign, and especially Spanish and Portuguese coins. These played an important role in distant as well as local trade. Not all the unofficial coins were foreign. John Hall set up a private mint in Massachusetts in 1652 and his popular "pine-tree" shillings and other coins circulated widely until the mint was forced to close down in 1684." "Colonies money." With foreign money came knew ways to buy trade and bartter. "Many people used tobacco an cash crops to pay for items.""Colonies money." This was great because at the time many people in the south farmed and this was a way they could purchase items.

There were many diffrent things, facts and types of money. "The money was made of many diffrent materials, unfortunetly some of the materials became scarce, so for a sort time there was no one dollar bill." "The American Revolution: Our fight for independence and Money in the Revolution." The economic struggales eventually lead to a National debt, a national debt is "the need to borrow in order to finance a deficit budget has led to the development of various forms of national debt ." " "Debt." Encyclopedia Britannica" There were however other forms of debt in these times such as your every day debt. This debt is "Anyone having borrowed money or goods from another owes a  debt   and is under obligation to return the goods" "Debt." Encyclopedia Britannica"

Though the Government thiught it was great and welcome to have a national currency how would the people respond? "At first the citizens were fine with the currency but as the federal government added more and more variations to the money much of the public was upset." "The American Revolution: Our fight for independence and Money in the Revolution." It was very important to have money but many felt this was too much. Though it seems that these problems were new, they were problems we had faced before. "Even before the Revolutionary War broke out, there were precious few coins circulating in America. Also extremely scarce was gold and silver bullion." "The American Revolution: Our fight for independence and Money in the Revolution."

So over all money has been and always will be a heated struggale between the people and the government. This has been a problem we have seen and a problem we will see so maybe we might just be able to learn a thing or two from how thay had faced it so that we may face it knowing that we shall win.

code "American Revolution." //Encyclopaedia Britannica Online Library Edition//. N.p., 2010. Web. 26 Mar. code code 2010. . code code "The American Revolution: Our fight for independence and Money in the Revolution." //U.S coin value// code code //advisor//. N.p., 2 Jan. 2003. Web. 29 Mar. 2010. . code code "Colonies money." //Project.uk//. N.p., n.d. Web. 9 Apr. 2010. . code code Cooke, Helen J. "Debt." //Encyclopdia Americana//. Deluxe Library Edition ed. 1996. Print. code code "Debt." //encyclopedia britannica//. N.p., n.d. Web. 29 Mar. 2010. . code