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Statements

Subject Item
dbr:Paper_Money_Riot
rdf:type
dbo:MilitaryConflict
rdfs:label
Paper Money Riot
rdfs:comment
The Paper Money Riot, or Exeter Rebellion, was an armed uprising in Exeter, New Hampshire, on September 20, 1786. Following the American Revolution, the nation, states, and many individuals were deeply in debt. The lack of specie and paper currency in circulation made the payment of debts difficult for poor farmers. A group calling themselves Regulators called for the printing of paper money, believing that issuing paper notes on credit would help to stimulate the state's economy.
foaf:depiction
n15:Benjamin_Franklin_nature_printed_55_dollar_front_1779.jpg n15:GeneralJohnSullivanByTenney.jpg
dcterms:subject
dbc:History_of_New_Hampshire dbc:Agrarian_politics dbc:18th-century_rebellions dbc:Conflicts_in_1786 dbc:1786_in_New_Hampshire dbc:18th_century_in_New_Hampshire dbc:Rebellions_in_the_United_States dbc:1786_in_the_United_States
dbo:wikiPageID
47867950
dbo:wikiPageRevisionID
1098536060
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n4: n16:ahistorytownkee00applgoog%7Cpublisher=Sentinel n16:shaysrebellionma0000szat%7Curl-access=registration%7Cpublisher=University n16:bub_gb_8e6FpX4eu1wC%7Cpublisher=B.B.
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dbp:caption
Example of the Continental Dollar, paper money issued by Congress as currency. This dollar was weak, and caused economic depression immediately after the Revolutionary War.
dbp:casualties
0
dbp:causes
Economic depression Lack of currency in the state
dbp:date
1786-09-20
dbp:goals
To force the state government to print paper currency in an attempt to stimulate the economy.
dbp:howmany
200 2000
dbp:leadfigures
dbr:Joseph_Cilley_(state_senator) dbr:William_Plumer dbr:Nicholas_Gilman James Cochran dbr:George_Reid_(soldier) John McKean dbr:John_Sullivan_(general) Joseph French
dbp:methods
Conventions were held to draft petitions to the legislature. When that failed, they surrounded the legislature with armed men in an attempt to force change.
dbp:partof
dbr:Shays'_Rebellion
dbp:place
dbr:Exeter,_New_Hampshire
dbp:result
Rebellion crushed, conventions outlawed, and Governor was granted the power to call upon the militia in times of civil unrest.
dbp:side
Rockingham County Militia Paper Money Regulators dbr:New_Hampshire
dbp:title
Paper Money Riot
dbo:abstract
The Paper Money Riot, or Exeter Rebellion, was an armed uprising in Exeter, New Hampshire, on September 20, 1786. Following the American Revolution, the nation, states, and many individuals were deeply in debt. The lack of specie and paper currency in circulation made the payment of debts difficult for poor farmers. A group calling themselves Regulators called for the printing of paper money, believing that issuing paper notes on credit would help to stimulate the state's economy. Many towns held conventions to draft petitions to the legislature over the issue of paper currency. These petitions fell on deaf ears. The Regulators grew ever more frustrated by this, and occasionally their protests turned violent. Eventually the Regulators in Rockingham County armed themselves and marched on Exeter to demand the New Hampshire General Court immediately issue money. New Hampshire's President at the time, John Sullivan, was able to calm the situation, and convinced the mob to disperse for the night. Meanwhile, he sent word to the surrounding towns to raise their militia and assemble in Exeter. The following morning, around 2,000 men had mustered, and they moved out to ambush the rebels' camp. The rebels were caught completely off guard, and they scattered into the woods. Most of the leaders were captured, but later pardoned. This event took place during the time of Shays' Rebellion. New Hampshire's government was able to put down the rebellion without further incident or a prolonged engagement. It is one of the events which led to the Constitutional Convention a year later.
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dbr:Uprising
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wikipedia-en:Paper_Money_Riot?oldid=1098536060&ns=0
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13470
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