None of the paper money worked in the long run, but initially, it seemed like a success. Massachusetts was the only state that did not follow the trend for printed money. This sparked Shays' rebellion.
None of the paper money worked in the long run, but initially, it seemed like a success. Massachusetts was the only state that did not follow the trend for printed money. This sparked Shays' rebellion.
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==The Northwest Ordinance==
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==The Land Ordinance and The Northwest Ordinance==
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But the Articles of Confederation did succeed in its plan for the systematic admission of new states based on population: the Northwest Ordinance of 1787.
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Two of Congress's attempts to make money by selling land west of the Appalachians were the Land Ordinance of 1785 and the Northwest ordinance of 1787.
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The Land Ordinance of 1785 divided land in to towns 6 miles square, and sold 640 acre chunks for $1 per acre. These chunks were often bought and divided by investors, and then sold to farmers.
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The Northwest Ordinance of 1787 was among the most important achievements of the Confederation period. It established the requirements and procedures a territory must fulfill in order to become a state. A territory was required to have at least 60,000 white men living in it before it could apply for statehood, and slavery was prohibited north of the Ohio River. The Northwest Ordinance was passed as the Constitutional Convention was going on. When the Articles of Confederation were replaced, the Ordinance was passed again under the new Constitution.