Describe the key aspects of the postwar economic crisis. What will be

Describe the key aspects of the postwar economic crisis.

What will be an ideal response?

ANSWER
The ideal answer should include:
1. The end of the Revolutionary War brought widespread economic depression.
2. The split with Britain disrupted established patterns of commerce.
3. Purchases of foreign goods that were scarce in the United States drained hard currency away from the states and increased the Confederation’s debt.
4. Citizens everywhere felt the brunt of the postwar slump as prices dropped and the money supply shrank.
5. Families in debt, especially poor artisans and subsistence farmers, faced the threat of foreclosure and loss of their property.
6. Violence broke out in state after state as hard-pressed people decried tax and fiscal policies that favored the wealthy.