= 1 British Pound = 1 Canadian Dollar = 1 Spanish piece of eight = 1 French Franc 2 piece of Eight = 1 British Pound 3 French Francs = 1 British Pound 4 Canadian Dollars = 1 British Pound Candy = 3 British Pounds Chap 2.3 Articles of Confederation Established “a firm league of friendship” among the States. Proposed - 1776; Ratified by all 13 States - 1781 Allowed States to National Government Keep: to take care of Sovereignty Common Defense Freedom Secure Liberties Independence Provide for the All Powers not General Welfare granted to National Government Structure of The Articles of Confederation Legislature - Unicameral Congress (1 body) Each state had only 1 vote No Executive Branch – Duties handled by Congress No Judicial Branch – Duties handled by Congress Critical Period – 1780’s Central Government cannot act – “Firm League of Friendship” has no “teeth” to enforce anything Weaknesses of The Articles of Confederation Political Only 1 Vote per State Economic No Power to Tax – Regardless of size only borrow and beg No Executive to No Uniform enforce Acts of Currency Congress No Power to Regulate No Federal Court Commerce System (Judiciary) Interstate Amendment only with Foreign approval of all 13 States (unanimous) Consequences of the Weaknesses Fighting Among States Taxing other State’s Trade Banning other State’s Trade States Not Supporting New Central Government Economic Chaos Public and Private Debts Not Paid Catalyst of Revision of the Articles Shay’s Rebellion Massachusetts farmers revolting to keep courts from foreclosing on farms Chap 2.4 Creating the Constitution Met in Philadelphia May 25, 1787 George Washington Elected president of the convention Worked in Secret Framers new generation of American politics Changing Direction Original goal improve the Articles of Confederation May 30, 5 days after starting, adopted resolution to create a new government. Compromise Needed to Create the Constitution Compromise important part of government 13 States very different in geography and economic situations Wide differences of opinion among delegates, but Delegates agreed on basic fundamental issues Need of new national government, federal in nature Concepts of Popular Sovereignty, Limited Government, Separation of Powers, Checks and Balances