“Give me liberty, or give me death”-Patrick Henry.Trouble Brewing in the new world By 1774, the year leading …show more content…
The economic causes of the Revolution can be broadly grouped under practice of mercantilism(12) by Britain and the imposition of taxes by the British government on the American colonies. There were other important causes which included political, geographical, enlightenment, and the overall mindset of the Americans.The colonies were therefore frustrated and angered by these practices and policies of Britain. The natural result was for the colonies to come together and fight against these practices and policies. The Continental Congress, therefore, emerged as an institution to unite the colonies for the fight of the war of independence following the declaration of independence on July 4, 1776. The war finally led to American independence resulting in the drafting of the American Constitution as the first consequence of the Revolution.The other economic consequences of the American Revolution included the creation of a common market, protection of property rights, the freedom from the hard effects of British mercantilism(12), the initial increase in money supply to finance war debts that led to inflation and the fall in the value of the dollar, the subsequent recovery of the dollar to be put on the standard of silver and gold, the restoration of faith in public credit and commitment to limited government and free-market economic