How Did The Revolutionary War Affect The Economy

In this paper I will discuss the way that war and economics have shaped the the development the United States. I want to focus on the two to three main points of history in each topic. On the economic side of things, I want to discuss Colonial America, Slavery, and The Great Depression. On the war side of things I want to discuss The Revolutionary War and The Civil War. Now there are more topics that I could dive into, but I would like to focus on some of the events and not all. Economics, as well as war, have played a pivotal role in Modern day America. Economics is the branch of knowledge concerned with the production, consumption, and transfer of wealth. One of the earliest forms of economy was slavery. Slavery started in the 1600s. Many Africans from all parts of Africa were enslaved and brought over in ships to North America (The 13 Colonies later known as North America). They were auctioned off to colonists and made to perform manual labor without any source of pay. Slavery was legal in the 13 colonies, but it became more prominent in the southern colonies. The slaves would worked in fields of huge plantations. They usually had only one or two enslaved workers, or none at all. Some people called for the abolition of slavery. States in the North …show more content…
The new government talked over a few of Hamilton 's proposed plans. This eventually made tariffs a very important part of American foreign policy. This is a position that lasted until the mainstream of the 20th century. American farmers were scared that a national bank would favor to the rich while at the disbursement of the poor. The very first National Bank of America was chartered in 1791 and lasted until 1811. Hamilton’s idea of a national bank took off. His idea is what eventually led to the Great