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What was the significance of Shay’s Rebellion in Massachusetts in early 1787?

Answer
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Hint: This rebellion was caused by Economic policies, as well as aggressive tax and debt collection, Political corruption and cronyism. The key objectives were to reform state government and then abolish it. Direct action to close courts was used in Shay's Rebellion, followed by military organisation in an effort to destroy the US arsenal at the Springfield Armory.

Complete answer:
One point of note was that Shays' revolt exposed the Articles of Confederation's flaws, prompting a convention to revise them. The central government established by the Articles of Confederation was too frail to cope effectively with the Rebellion. Under the Articles of Confederation, the colonists' monetary system was collapsing, resulting in farmers losing their farms to the bank. The Articles of Confederation's flaws were illustrated by Shays' Rebellion. Following Shays' Rebellion, America could no longer neglect the need to revise the colonial government structure.

It resulted in the defeat of the rebellion, as well as issues of federal power related to the Articles of Confederation, leading to the formation of the United States Constitutional Convention.
In return for immunity, 4,000 citizens signed confessions admitting their involvement in the rebellion's activities. Several hundred people were subsequently charged with rebellion-related offences, but most of them were pardoned as part of a general amnesty that exempted only a few ringleaders.

Note: Thomas Jefferson was acting as the United States' envoy to France, and he refused to be alarmed by Shays' Rebellion. In a letter to James Madison dated January 30, 1787, he argued that intermittent revolt is necessary to protect freedoms.