This series draws primarily from two primary sources: An Economic Interpretation of the Constitution of the United States by Charles Beard, 1913, and The Anti-Federalists by Jackson Main, 1961.

 

Charles Austin Beard [1874-1948] is widely regarded as one of the most influential American historians of the early 20th century. While Beard published hundreds of monographs, textbooks and interpretive studies in both history and political science, he is most widely known for his radical re-evaluation of the Founding Fathers of the United States, whom he believed were more motivated by economics than by philosophical principles.

 

“The concept of the Constitution as a piece of abstract legislation reflecting no group interests and recognizing no economic antagonisms is entirely false. It was an economic document drawn with superb skill by men whose property interests were immediately at stake.”

 

Jackson Main [1917-2003, Academic and Historian]: “I had chosen to tackle Beard’s Economic Interpretation with the notion that Beard erred, but discovered that the secondary literature supported him, at least in general if not in detail.”

 

Howard Zinn: When economic interest is seen behind the political clauses of the Constitution, then the document becomes not simply the work of wise men trying to establish a decent and orderly society, but the work of certain groups trying to maintain their privileges, while giving just enough rights and liberties to enough of the people to ensure popular support. The American system is the most ingenious system of control in world history.

 

The Power of the Purse by E. James Ferguson [Academic], 1961: Beard’s major thesis that the Constitution was the handiwork of the classes of American society possessing status and property cannot be ascribed to him alone. What shocked Beard’s contemporaries and still provokes the most criticism was his purported demonstration that many of the founding fathers held securities and stood to profit from their work. Although his declared object was merely to identify the founders as members of an economic class, the implication was that they had a profit motive.

 

The Articles of Confederation

 The First President - John Hanson

Class Distinctions 1780's

 

Debt and Taxes 1780's

 

The Antifederalists

 

1780's Post Revolution Depression

 

Shays' Rebellion Series

 

Society of Cincinnati

 

Federalists Push for a Constitution

 

The Federalist Papers - Economic Excerpts

 

The Constitution as an Economic Document

 

Fear of Aristocracy

 

Skewed Power Structure

 

Philadelphia Convention of 1787

 

The Founding Fathers’ Economic Interests

 

Constitution Ratified

 

The Whiskey Rebellion Series 

 

 

The Revolution Financiers and Creditors 

Robert Morris - Revolution Financier

 

Alexander Hamilton

 

Haym Salomon

 

Timeline

 

1776: Declaration of Independence

 

1777: Continental Congress drafts Articles of Confederation

 

1781: Americans defeat British at Battle of Yorktown

 

1783: Treaty of Paris signed

 

1786 to 1787: Shays' Rebellion

 

May 1787: First meeting of Philadelphia Convention

 

Sep 1787: Proposed Constitution signed, ratification called.

 

Oct 1787: First Federalist Paper appears:

 

Mar 1789: First United States Congress is seated.

 

Apr 1789: George Washington is inaugurated as the first President of the United States.

 

1791 to 1794: The Whiskey Rebellion