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Founding Finance with William Hogeland

The Dig

CHAPTER

The Shays Rebellion - What's It All About?

There was an open struggle between ordinary people and upscale investors during the revolutionary period. And these were struggles over cash, credit, debt, taxes for closures, lending, essentially access to economic opportunity and prosperity. The Shays rebellion is the famous thing that kind of drives the elites to the convention. But there was another thing that went on in Massachusetts that I really pushed the idea: There was a bank charter in Pennsylvania which was publicly chartered, but it was an elite casino.

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