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Spain's economic losses were not as great as those of the other belligerents in the American Revolutionary War. This was because Spain paid off her debts quickly and efficiently. However, Spain had nearly doubled her military spending during the war, from 454 million reales in 1778 to over 700 million reales in 1779. [ 30 ]
The American Revolution (1765–1783) was an ideological and political movement in the Thirteen Colonies which peaked when colonists initiated the ultimately successful war for independence (the American Revolutionary War) against the Kingdom of Great Britain.
The Seven Years' War (1756-1763) brought great financial burdens on Great Britain, Kingdom of Prussia, Austria, France, and Sweden.The costs of fighting a protracted war on several continents meant Britain's national debt almost doubled from 1756 to 1763, and this financial pressure which Britain tried to alleviate through new taxation in the Thirteen Colonies helped cause the American Revolution.
The cartoon represents the commercial status of the US during the Revolution. The American Revolution (1775–1783) inaugurated the inalienable rights of "life, liberty, and the pursuit of happiness", which emphasize individual freedom and economic entrepreneurship, and simultaneously a commitment to the political values of liberalism and ...
The panic of 1785, which lasted until 1788, ended the business boom that followed the American Revolution. The causes of the crisis lay in the overexpansion and debts incurred after the victory at Yorktown, a postwar deflation, competition in the manufacturing sector from Britain, and lack of adequate credit and a sound currency.
The Glorious Cause: The American Revolution, 1763–1789 (2nd ed.). Oxford University Press. ISBN 9780199740925. Oberholtzer, Ellis Paxson. Robert Morris, Patriot and Financier (Macmillan, 1903) online. Perkins, Edwin J. American public finance and financial services, 1700–1815 (1994). pp. 85–105 on Revolution, pp. 106–36 on postwar.
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.
[19] In three Charles K. Clover lectures on "social and economic history" delivered at Brown University in 1967, later published as The Origins of American Politics, Bailyn held that, as victorious merchants and landed gentry from Connecticut to South Carolina began to jockey for eighteenth-century legislative office, they simultaneously ...