The Bond Holding Elite and the Newburgh Crisis

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In the end, you know, Washington managed his everyone's way out of this problem. He kind of masterfully did what what Morris and Hamilton were doing could have really badly backfired. The country could have devolved in civil war. We don't know what would have happened. What's fascinating to me is Washington got everything they wanted without that.

Astra Taylor interviews William Hogeland on his book Founding Finance: How Debt, Speculation, Foreclosures, Protests, and Crackdowns Made Us a Nation. Hogeland recovers a fascinating crop of mostly-forgotten rebels, the movements they led, and their radical demands that put the landlords and lenders of their day on edge. He also recounts the complex and sometimes deadly machinations that went into suppressing them in order to create a nation that was safe for the owning and investing classes. Support The Dig at Patreon.com/TheDig