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Commercial Law

University of Michigan Law School

1907

Commercial paper

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Commercial Aspect Of Uniform State Laws, Francis B. James May 1907

Commercial Aspect Of Uniform State Laws, Francis B. James

Michigan Law Review

A T the close of the American Revolution and even after the adoption of the articles of Confederation, each American State was not only a political unit but an industrial and commercial unit. Meafis of communication were few and cost of transportation almost prohibitive except in border and coast cities. Each State not only determined its political future but its own industrial and commercial policy. The Constitution of the United States, adopted in 1789, recognized the fact that each State continued as a political unit and at the same time created another political unit, the nation at large. It also …