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"This book is a history of the contract clause of the U.S. Constitution from its creation to the present day. Created in response to widespread state efforts to restructure debts after the Revolution, the clause provided that states were barred from "altering or impairing the ob…
Few provisions of the American Constitution have had such a tumultuous history as the contract clause. Prompted by efforts in a number of states to interfere with debtor-creditor relationships after the Revolution, the clause--Article I, Section 10--reads that no state shall "pa…