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The war in Europe against the French Empire under Napoleon ensured that the British did not consider the War of 1812 against the United States as more than a sideshow. [283] Britain's blockade of French trade had worked and the Royal Navy was the world's dominant nautical power (and remained so for another century).
The War of 1812: Conflict for a Continent (Cambridge Essential Histories, 2012) brief overview by New Zealand scholar; Tucker, Spencer C., ed. The Encyclopedia of the War of 1812 (3 vol: ABC-CLIO, 2012), 1034pp. Zuehlke, Mark. For Honour's Sake: The War of 1812 and the Brokering of an Uneasy Peace. (2007) by Canadian military historian.
Between 1792 and the war with Britain in 1812, the average tariff level remained around 12.5%, which was too low to encourage consumers to buy domestic products and thus support emerging American industries. When the Anglo-American War of 1812 broke out, all rates doubled to an average of 25% to account for increased government spending. The ...
The economy grew every year from 1812 to 1815 despite a large loss of business by East Coast shipping interests. Wartime inflation averaged 4.8% a year. [105] The national economy grew 1812–1815 at the rate of 3.7% a year, after accounting for inflation. Per capita GDP grew at 2.2% a year, after accounting for inflation. [104]
The United States and the United Kingdom signed the Treaty of Ghent on December 24, 1814, ending the War of 1812. [4] The British government effectively relinquished its effort to impose mercantilist policies on the United States, preparing the way for the development of free trade and the opening of America's vast western frontier.
The French invasion is known as the Russian campaign, [c] the Second Polish War, [d] [38] the Second Polish campaign, [e] [39] the Patriotic War of 1812, [f] or the War of 1812. [40] It should not be confused with the Great Patriotic War ( Великая Отечественная война , Velikaya Otechestvennaya Voyna ), a term for the ...
For the United States, the Creek War was an important side conflict to increase their control in the South at the expense of Native American factions allied with and supplied by the British, while the Hartford Convention of the Federalist Party (December 1814 – January 1815) played a significant role in voicing strong opposition to the U.S ...
According to Shank, "negative unintended consequences occur either concurrently with the war or develop as residual effects afterwards thereby impeding the economy over the longer term". [17] In 2012 the economic impact of war and violence was estimated to be eleven percent of gross world product (GWP) or 9.46 trillion dollars. [18]