USA HISTORY

Detailed explanation-1: -When they left their farms and took up arms to help win the war, their crops suffered and profits plummeted. Though promised compensation for military service, it was not paid at all or paid in worthless currency. The farmers were forced to borrow to pay taxes and then could not repay the loans.

Detailed explanation-2: -The period following the Revolutionary War was one of instability and change. The end of monarchical rule, evolving governmental structures, religious fragmentation, challenges to the family system, economic flux, and massive population shifts all led to heightened uncertainty and insecurity.

Detailed explanation-3: -The farmers who fought in the Revolutionary War had received little compensation, and by the 1780s many were struggling to make ends meet. Businesses in Boston and elsewhere demanded immediate payment for goods that farmers had previously bought on credit and often paid off through barter.

Detailed explanation-4: -Farmers who had borrowed money to expand during the boom couldn’t pay their debts. As farms became less valuable, land prices fell, too, and farms were often worth less than their owners owed to the bank. Farmers across the country lost their farms as banks foreclosed on mortgages. Farming communities suffered, too.