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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 was the first of the "Atlantic Revolutions": followed most notably by the French Revolution, the Haitian Revolution, and the Latin American wars of independence. Aftershocks contributed to rebellions in Ireland, the Polish–Lithuanian Commonwealth, and the Netherlands. [231] [232] [230]
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 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.
Economic historians have explored the high degree of financial and economic instability in the Jacksonian era. For the most part, they follow the conclusions of Peter Temin , who absolved Jackson's policies, and blamed international events beyond American control, such as conditions in Mexico, China and Britain.
The high tariffs that were common at the time limited profitability, but high demand for American goods allowed the United States to make up for the economic turmoil of the revolution. [96] When the war ended, the Treaty of Paris allowed British creditors to call in debts from the American market, triggering a depression . [ 97 ]
[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 ...
The American Revolution was followed by an economic reorganization, which carried in its wake a period of uncertainty and hard times. During the conflict, labor and investment had been diverted from agriculture and legitimate trade to manufacturing and privateers. Men had gone into occupations that ceased with the end of the war.