Jump to ContentJump to Main Navigation
Credit NationProperty Laws and Institutions in Early America$
Users without a subscription are not able to see the full content.

Claire Priest

Print publication date: 2021

Print ISBN-13: 9780691158761

Published to Princeton Scholarship Online: September 2021

DOI: 10.23943/princeton/9780691158761.001.0001

Show Summary Details
Page of

PRINTED FROM PRINCETON SCHOLARSHIP ONLINE (www.princeton.universitypressscholarship.com). (c) Copyright Princeton University Press, 2022. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in PRSO for personal use.date: 23 May 2022

Property and Credit in the Early Republic

Property and Credit in the Early Republic

(p.146) 8 Property and Credit in the Early Republic
Credit Nation

Claire Priest

Princeton University Press

This chapter focuses on the federal structure of debtor/creditor law in the founding era. In gaining independence from British rule, the colonists rejected the extractive taxes and trade policies that they felt would suppress economic growth. But independence posed the question of what role the new federal government would play in regulating state legislatures and how much power it would have to standardize state laws on property rights, the credit markets, and the economy. In America after the Revolution, the vast differences in local preferences on the issue of creditors' remedies expressed themselves not through occupational categorization, but instead through interstate variation and hostility toward federal government policies that might have imposed a uniform regime reminiscent of the Debt Recovery Act. Federalism emerged, in part, in response to the hostility toward Britain's colonial policies. The legacies of these policies — and of the reactions to them — still affect American economic, social, and political developments today.

Keywords:   debtor law, creditor law, American independence, federal government, property rights, credit markets, federal government policies, federalism, British colonial policies, American economy

Princeton Scholarship Online requires a subscription or purchase to access the full text of books within the service. Public users can however freely search the site and view the abstracts and keywords for each book and chapter.

Please, subscribe or login to access full text content.

If you think you should have access to this title, please contact your librarian.

To troubleshoot, please check our FAQs , and if you can't find the answer there, please contact us.