Economic Drivers Quotes
Many of the delegates to the Constitutional Convention of 1787 had invested in land that had formerly belonged to the Iroquois Indians who had sided with the British in the Revolution and been driven up to Canada. They had paid very little and wanted to sell it at large profits. However, there was little gold and silver left in the colonies after the war and there was great reluctance in the rest of the world to lend gold and silver backed money to a new country that did not have a rule of law and courts to collect debts. For example, Madison and Monroe had formed a partnership and bought former Iroquois land near Rome, New York. There was idealism to be sure but there was also self-interest functioning in the secret Constitutional Convention.
