Revolutionary War Economic Changes

The United States of America, a nation that is here thanks in part to the result of the American Revolutionary War. A battle that began in the year 1775 and ended in 1783, the fight for American independence was long sought for. However, independence was not the only thing missing from the previous Thirteen British Colonies, economic developments were being fought for as well. The American Revolutionary War pitted Great Britain and the Thirteen British Colonies against each other where the end result was independence for the United States of America that was declared in 1776. There were also political and social aspects included that made other countries align themselves with the Thirteen to earn their freedom. Prior to the Revolutionary …show more content…
Although Britain defeated the French in the Seven Years’ War, it came with a price, a huge price to be exact. Domestic taxes rose significantly during the war and total government debt had more than doubled . Britain tried to lessen their debt by having the Americans build trade centers that enabled them to trade with the Americans, as well as the Indians. It worked for the British as America got the brunch and that is having to pay higher taxes. Parliament did help America, through the passing of three acts; one was the Sugar Act in 1764 which lowered tariff rates on non-British products from the West Indies and reduce the incentives of smuggling. The second was the Stamp Act that was passed in the following year; this required stamps for a broad range of legal documents, in addition to newspapers and pamphlets. The final one was the Townshed Acts of 1767 which imposed tariffs upon a variety of imported goods and established a Board of Customs Commissioners. All three of these acts together generated revenue for the …show more content…
The good news was that the previous restrictions to trade and industry ended, resulting in a development in an industry of consumer products and munitions . The bad news is that with the removal of restrictions on Western expansion caused a migration across the Appalachians from the European-Americans, making life difficult for the Native Americans who saw their land being further invaded. Although it provided economic opportunities and allowed immigrants to enter the United States, it cannot soften the hearts to the Native American people. The British power dissipated and everything they owned were either returned or was gone forever. Furthermore, Britain had a new economic system known as capitalism that was implemented by Scotsman Adam