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Why was John Hancock mad about the taxes?

Updated: 8/18/2019
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14y ago

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After the Revolution, the most popular politician in Massachusetts was John Hancock, the ex-smuggler/merchant whose signature is so large on the Declaration of Independence. He was among the richest men in the state. He was lenient to all poor debtors who owed him money personally. He let them pay him in depreciated paper money. The rich had to pay in silver. He was elected governor in 1780 and served for five years. He also was elected in 1787 and served until his death in 1793. He did not serve in 1785-87, the crucial period. He declined to run in 1785 because of gout. Gout normally affects the big toe. It can accurately be said that the great turning point in post-Revolutionary America was John Hancock's big toe.

Hancock had understood that the soldiers had been forced to sell their promissory notes for a small fraction of their face value. He was accused by opponents of refusing to collect taxes. When he left office, he was replaced by James Bowdoin, a holder of at least £3,290 in depreciated notes. He did not receive enough votes to command a majority, so the legislature had to choose. The senate insisted on him, and the house capitulated. Under his leadership, the political faction whose members had bought up these notes gained power. The government passed new taxes and insisted on collecting taxes that were in arrears. That tax burden was now higher by several times what they had been under Great Britain.

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Q: Why was John Hancock mad about the taxes?
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