The Early American Economy - American Founding Fathers' Financial Policy

Explore the economic challenges faced by the early United States in this 28-minute video lecture from Wondrium. Delve into the complexities of the new nation's financial system, including the scarcity of hard currency, the proliferation of state-issued paper money, and the efforts of Robert Morris to stabilize government finances. Examine the impact of British mercantilism on colonial development and the subsequent struggles to establish a robust economy. Learn about pivotal events such as the paper money crisis in Rhode Island, Morris's controversial tenure as finance minister, and the political opposition he faced. Gain insights into the intricate relationship between commerce, agriculture, and government finances in the formative years of American economic policy.

Financial Problems Plague America at Revolution Start
America´s Fundamental Problem From British Trade
The Three Strategies of Mercantilism
The Recipe for Power Through Industry
British Power Impedes Flourishing US Colonies
Paper Currency Becomes a Necessity
Penalties Over Paper Money in Rhode Island Boil Over
Paper Money Scandals Ripple Across the Colonies
Morris Takes Finance Position Conditionally
Mob Attacks Morris at Battle of Fort Wilson
Morris Submits Financial Solutions to Congress
Enemies of Morris Dismantle His Position in Congress