Articles Of Confederation Example Narrative Essay Example

consumer, and had nothing to do with the government. The anti-federalists believed that the federal system places the economic, and political, responsibilities of the nation in the hands of a select few. In their opinion, the proposed constitution did little more than facilitate an oppressive government, and in essence cause America to take a giant step backwards, towards the oppressive dictatorship they had fought so fiercely to escape.
The Articles of Confederation was created as a result of a young nations distrust for a powerful centralized government, and because of this distrust the anti-federalists were blinded to the problems that arose under this document. Shays Rebellion exemplified the manifestation of the problems of the Article of Confederation. The decentralized government was unable to provide a stable currency that was backed by gold securities, and as a result of this the paper money that was issued was extremely weak and under valued. Problems such as this violent mob of farmers, clearly indicated that the current system was failing and the need for a centralized government was great.

Both of these documents were extremely important for the economy of the ensuing 19th century. Although the Articles of Confederation did not do a good job of facilitating economic growth, it did act as an important indicator of what needed to be mended by the Constitution. Although Hamiltons vision of a central banking system was way before its time, as the Federal Reserve System was not formed until 1913, he did play an instrumental role in the formation of the constitution.