U. S. History 1
21 December 2012
Post Monetary Struggle of the Revolutionary War
The Revolutionary Warfare was the most important war in American history and not only awarded us freedom and legal rights, but as well disrupted the economy in several ways. The guard freedom came at the terrible cost of thousands of lives and the destruction of home to which belonged to innocent hard working farmers. What many people don't see or perhaps realize are the problems via after the battle itself. There is no such factor as finishing a war and then turning out to be stable in society. There are many issues with Britain nonetheless existing in North American even though they kept the Colonies. Along with this, the trading and product fostering between both equally countries begun to crumple. And so if we got just received the war, why was the newly 3rd party United States of yankee in such a poor economic position?
When the Revolutionary War finished, America's economical reign took a change for the worst. If one difficulty occurred, an additional would follow right after. The affect was devastating and left the nation in debt with soldiers, people, and other countries.
The war placed them in a negative position with money. Our elected representatives even resorted to selling bonds to other countries, such as England. They began to print newspaper money, called continentals. Continentals became too common, costs sunk, and inflation happened. The daily news money is now worthless. The prices of sweets and meat raised as much as two times the charge in some claims of America. (ALEX). As American was in so much debt, business depended on the English, Spanish, People from france, and Portuguese money. Trade wasn't superb either; farms had switched to natural cotton growing rather than tobacco because there was no one to transact with who have bought just as much as Great Britain. " The groupe needed to mature from mercantilist infancy to economic self-determination and sufficiencyвЂќ (Hopkins). While using absence of British goods following the war, the American trade had dropped....
Cited: ALEX, NATASHA AND VERONICA. revolutionaryeffects. blogspot. 16 September 06\. 20 Dec 2012.
Hopkins, Stephen. " The Privileges of Colonist's Examined. Education. John Bartlett. Vol. 6. N. s.: Record's with the Colony of Rhode Area and the Obole Plantations, in. d. " 2005. theliberalconviction-essay. blogspot. 20 December 2012.
Streich, Michael. " Samuel H. Dark beer, To Make a Land: the Rediscovery of American Federalism (Harvard University or college Press, 1993). " 12 January 2010. package 101. 20 December 2012.