1. = 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 Candy = 3 British Pounds
4 Canadian Dollars = 1 British Pound

2. Chap 2.3 Articles of Confederation Established “a firm league of friendship” among the States. Proposed ; Ratified by all 13 States  
National Government to take care of
Common Defense
Secure Liberties
Provide for the General Welfare
Allowed States to Keep:
Sovereignty
Freedom
Independence
All Powers not granted to National Government 

3. 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

4. Weaknesses of The Articles of Confederation
Economic
No Power to Tax – only borrow and beg
No Uniform Currency
No Power to Regulate Commerce
Interstate
Foreign
Political
Only 1 Vote per State
Regardless of size
No Executive to enforce Acts of Congress
No Federal Court System (Judiciary)
Amendment only with approval of all 13 States (unanimous)

6. 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

8. 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.

9. 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