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The American Revolutionary War (April 19, 1775 – September 3, 1783), also known as the Revolutionary War or American War of Independence, was an armed conflict that was part of the broader American Revolution, in which American Patriot forces organized as the Continental Army and commanded by George Washington defeated the British Army.
When the war ended, the United States had spent $37 million at the national level and $114 million at the state level. The United States finally solved its debt problems in the 1790s when Alexander Hamilton founded the First Bank of the United States in order to pay off war debts and establish good national credit. [37]
The war ended in 1783 and was followed by a period of prosperity. The national government was still operating under the Articles of Confederation and settled the issue of the western territories, which the states ceded to Congress. American settlers moved rapidly into those areas, with Vermont, Kentucky, and Tennessee becoming states in the 1790s.
William Bingham, rumored to be the richest man in America after the Revolutionary War, [70] purchased 9.5% of the available shares of the Bank of North America. The greatest share, however, 63.3%, was purchased on behalf of the United States government by Robert Morris, using a gift in the form of a loan from France and a loan from Netherlands ...
Congress and the American states had no end of difficulty financing the war. [28]: 23–44 In 1775 there was at most 12 million dollars in gold in the colonies, not nearly enough to cover existing transactions, let alone on a major war. The British government made the situation much worse by imposing a tight blockade on every American port ...
Congress had the power to declare war, sign treaties, and settle disputes between the states. It could also borrow or print money, but did not have the power to tax. [9] It helped guide the United States through the final stages of the Revolutionary War, but steeply declined in authority afterward. [citation needed]
The history of the United States from 1776 to 1789 was marked by the nation's transition from the American Revolutionary War to the establishment of a novel constitutional order. As a result of the American Revolution, the thirteen British colonies emerged as a newly independent nation, the United States of America, between 1776 and 1789 ...
The revolutionary era is generally considered to have begun with the passage of the Stamp Act in 1765 and ended with the ratification of the United States Bill of Rights in 1791. The military phase of the revolution, the American Revolutionary War, lasted from 1775 to 1783. A list of American Revolutionary War battles gives details.