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The document summarizes the economic history and development of the United States from its origins as small European colonies in the 15th-18th centuries to becoming a global economic powerhouse today. It notes that the original 13 colonies revolted against England due to heavy import taxes. Over the past 230+ years, the US has grown into an economy representing about 1/4 of the world due to becoming a large unified market, abundant natural resources, entrepreneurial spirit, high wages, and immigrant labor. However, the new nation initially struggled economically after the Revolutionary War due to war costs and British blockades.
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Assignment 3 american urbanization and ny city
The document discusses several topics related to the history of New York City and American urbanization:
1) It describes key events that led to the American Revolution such as the Stamp Act of 1765 and debt owed to England.
2) It provides details on construction of the Brooklyn Bridge from 1869-1871 and how it united the islands of New York City.
3) It discusses the economic boom of New York City in the late 1800s, attributed to growth of the steel industry and construction of railroads.
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King George III reigned over Britain from 1760-1820 during a period of major social, economic, and political changes. Britain fought against France for colonial dominance and industrialized rapidly during the late 18th century through innovations like James Watt's steam engine. Growing industrialization and enclosure of agricultural lands transformed British society and led to conflict between new social classes of landowners, industrialists, and wage laborers who faced difficult working conditions. The American colonies declared independence from Britain in 1776, marking the end of Britain's global supremacy.
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King George III reigned over Britain from 1760-1820 during a period of major social, economic, and political changes. Britain fought against France for colonial dominance and industrialized rapidly during the late 18th century through innovations like James Watt's steam engine. Growing industrialization and enclosure of agricultural lands transformed British society, leading to a new class divide between wage earners and owners and the rise of poor living and working conditions for many.
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18th century
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Assignment 7, Part 3
The American Revolution began as the British government attempted to reorganize its empire, but enacted new trade regulations like the Currency Act and Sugar Act that antagonized the colonies. The colonists feared these acts would hurt industries like rum production and exports. In response, the Sons of Liberty formed in 1765 to use demonstrations and violence to make the new tax laws unenforceable. Provisional congresses in each colony also protested and eventually joined together in the Continental Congress in 1774. This led to the Declaration on Rights and Grievances stating any taxes without colonial consent were unconstitutional.
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American colonies
The document discusses the history of the American colonies from the 17th century onwards. King James II took interest in the colonies primarily for tax revenue. As royal power was challenged, some colonies lost their charters if they remained loyal to the king. An increase in Atlantic trade helped spread news, while the main exports of the colonies shifted from tobacco and sugar to wheat over time, bringing increased wealth and consumerism. Although some came for religious freedom, colonial towns often persecuted those of other faiths and centered around the local church. Control over native populations was important, as shown during the French and Indian War where France and allied Indians tried but failed to defeat the British colonies.
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Assignment 3 american urbanization and ny city
The document discusses several topics related to the history of New York City and American urbanization:
1) It describes key events that led to the American Revolution such as the Stamp Act of 1765 and debt owed to England.
2) It provides details on construction of the Brooklyn Bridge from 1869-1871 and how it united the islands of New York City.
3) It discusses the economic boom of New York City in the late 1800s, attributed to growth of the steel industry and construction of railroads.
The Early Romantic Age
King George III reigned over Britain from 1760-1820 during a period of major social, economic, and political changes. Britain fought against France for colonial dominance and industrialized rapidly during the late 18th century through innovations like James Watt's steam engine. Growing industrialization and enclosure of agricultural lands transformed British society and led to conflict between new social classes of landowners, industrialists, and wage laborers who faced difficult working conditions. The American colonies declared independence from Britain in 1776, marking the end of Britain's global supremacy.
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King George III reigned over Britain from 1760-1820 during a period of major social, economic, and political changes. Britain fought against France for colonial dominance and industrialized rapidly during the late 18th century through innovations like James Watt's steam engine. Growing industrialization and enclosure of agricultural lands transformed British society, leading to a new class divide between wage earners and owners and the rise of poor living and working conditions for many.
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The American Revolution began as the British government attempted to reorganize its empire, but enacted new trade regulations like the Currency Act and Sugar Act that antagonized the colonies. The colonists feared these acts would hurt industries like rum production and exports. In response, the Sons of Liberty formed in 1765 to use demonstrations and violence to make the new tax laws unenforceable. Provisional congresses in each colony also protested and eventually joined together in the Continental Congress in 1774. This led to the Declaration on Rights and Grievances stating any taxes without colonial consent were unconstitutional.
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The document discusses the history of the American colonies from the 17th century onwards. King James II took interest in the colonies primarily for tax revenue. As royal power was challenged, some colonies lost their charters if they remained loyal to the king. An increase in Atlantic trade helped spread news, while the main exports of the colonies shifted from tobacco and sugar to wheat over time, bringing increased wealth and consumerism. Although some came for religious freedom, colonial towns often persecuted those of other faiths and centered around the local church. Control over native populations was important, as shown during the French and Indian War where France and allied Indians tried but failed to defeat the British colonies.
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Main headings:
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2) 1700-80, where trade increased dramatically across the Atlantic due to an influx of ships, goods, and immigrants from Britain and elsewhere to the colonies. This boosted economic growth.
3) 1700-75, known as the First Great Awakening, where religious establishments faced challenges from evangelical radicals who rejected state-sponsored churches and embraced emotional revival meetings.
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The document summarizes chapters from a book about the colonial period in America. It describes how King James consolidated colonies into a supercolony governed by Governor Andros, who imposed unpopular new laws and taxes. When King James fled England, the supercolony split apart as the colonies revived their old charters. It also discusses the growth of newspapers, trade relationships with England, the First Great Awakening religious revival, and tensions between moderate and radical evangelicals.
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The document discusses several major events and developments that occurred during the long 19th century in the Americas and beyond:
1) Many newly independent colonies in the Americas struggled to build stable governments and states amid diverse populations after gaining independence from European powers.
2) This era saw massive migration, economic growth, and internal conflicts over issues like class, race, and states' rights. It also influenced other countries' independence movements.
3) Events like the Little Ice Age, diseases, and frozen harbors impacted populations and trade in Europe and the Americas during this time period.
Pentrich uprising 1817
Pentrich uprising 1817. Citizens clearly discontented with government. Influenced by luddite uprising in 1811-12. Led to execution of leaders. Oppressive government policies were introduced following this uprising. The uprising was a part of many smaller uprisings, showing popular discontent.
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Causes French Rev
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The document summarizes the political and economic conditions in France prior to the French Revolution. It describes the divisions of the three estates, with 97% of the population in the Third Estate. The Third Estate faced high taxes and lacked political power. The French monarchy accumulated large debts under several kings and was forced to call the Estates General in 1789 to approve new taxes, but the Third Estate refused to vote as one with the other estates and instead formed the National Assembly, marking the beginning of the Revolution.
American Colonies Theme 7
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- In the American colonies, the Dominion of New England which consolidated colonial governments was dissolved. Colonies revived their old charters and elected regimes. Protestants promised to support King William and Queen Mary.
- By the early 1700s, increased shipping improved transatlantic communication. Colonists were more informed about European events but still felt isolated. Newspapers also proliferated in major colonial ports.
Alexander the Great
Alexander the Great created the largest empire the ancient world had known between 336-323 BC by assembling a large Greek army equipped with pikes and advancing in phalanx formation. He was able to quickly conquer territories through military force and puncturing of enemies. When faced with the impossible Gordian knot, Alexander cut it with his sword, establishing his divine approval to continue his campaign of conquest. However, his empire did not last long after his death in 323 BC from alcoholism.
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History 140, journal 2
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American colonies
The document discusses several topics related to life in the American colonies in the late 17th and early 18th centuries, including:
1) Increasing taxes in England to fund wars with France, sowing discontent in the colonies.
2) The British cracking down on piracy by the late 17th century as pirates became liabilities rather than assets.
3) Luxury goods becoming more available and affordable for common colonists, contrary to the views of Alexander Hamilton.
4) Religious revivals and fiery preaching by figures like George Whitefield in the early 18th century.
5) Native Americans' acquisition of guns and horses fundamentally changing their way of life and making war more
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The Revolutionary War broke out in the 1770s as American colonists rebelled against British taxation and control over the colonies. Events like the Boston Massacre and Boston Tea Party increased tensions, as the British imposed taxes without representation and closed Boston's port after the tea was destroyed. The British refusal to compromise led the colonies to form the Continental Congress and eventually declare independence, starting the Revolutionary War. Though the British army was better equipped, colonists received aid from the French and used innovative tactics under George Washington to overcome the British forces through guerrilla warfare and ambushes.
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A short presentation of the history of America from the earliest ages until around 1900.
Main headings:
- Prehistory
- Colonial America; 1508 – 1763
- The American Constitution and Revolution; 1763 – 1793
- Expansion and Reform; 1793 – 1860
- The American Civil War; 1861 - 1865
- The Progressive Era / The Gilded Age; around 1870 – 1900.
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The document summarizes the key causes of conflict between the North and South in the period before the Civil War, including slavery, states' rights, and economic differences. It describes the rise of abolitionist movements like the Underground Railroad and the passage of laws like the Fugitive Slave Act, which increased tensions. It then contrasts the industrializing Northern economy with transportation improvements and the agricultural plantation economy of the South dependent on slave labor and cotton.
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Victory in the Seven Years' War left Britain with a large empire in North America but also a large debt, leading the British government to try to shift some of the financial burden to the colonies through new taxes like the Stamp Act and Townshend Acts. This exacerbated tensions between the colonies and Britain by reinforcing American political identity and exposing irreconcilable differences over political principles of taxation and representation, laying the groundwork for the American Revolution.
American colonies extra credit
The document discusses the history of the American colonies from the late 1600s to the 1700s. It covers three main time periods:
1) 1685-1730, where a new King viewed the colonies primarily as a source of revenue. There was a compromise reached between imperial power and colonial autonomy.
2) 1700-80, where trade increased dramatically across the Atlantic due to an influx of ships, goods, and immigrants from Britain and elsewhere to the colonies. This boosted economic growth.
3) 1700-75, known as the First Great Awakening, where religious establishments faced challenges from evangelical radicals who rejected state-sponsored churches and embraced emotional revival meetings.
Prelude torevolution jamessmithiii
The document summarizes chapters from a book about the colonial period in America. It describes how King James consolidated colonies into a supercolony governed by Governor Andros, who imposed unpopular new laws and taxes. When King James fled England, the supercolony split apart as the colonies revived their old charters. It also discusses the growth of newspapers, trade relationships with England, the First Great Awakening religious revival, and tensions between moderate and radical evangelicals.
The Southern Colonies
The document summarizes the founding and early history of the Jamestown colony, the first permanent English settlement in North America. It details how the colony struggled at first due to a lack of preparation and farming skills among the colonists. Disease and conflict with the local Powhatan Confederacy led to many deaths in the early years. The colony became more successful after John Smith took control and instituted new rules. The introduction of tobacco as a cash crop by John Rolfe helped the colony become profitable. However, the headright system of rewarding land for transporting colonists led to the rise of indentured servitude and later slavery to meet the need for labor on the large plantations.
California 8
California's diversified economy helped soften the impact of the Great Depression, allowing sectors like agriculture, industry, entertainment and tourism to continue providing jobs. Labor unions also grew in strength in California in the mid-19th century, with the first two being organized in San Francisco in 1859, setting the stage for increased labor agitation and clashes in later decades as workers fought for better conditions. Further economic troubles in 1893 spurred additional labor unrest, coming at a time when new laws were restricting union activities.
New York City
The document discusses the history of New York City from its founding as New Amsterdam by the Dutch in the early 1600s. It covers the city under British rule starting in 1664, its role in the American Revolutionary War, and its growth in the early 1800s aided by the opening of the Erie Canal. The document also describes New York City becoming a cultural center and experiencing massive Irish immigration during the potato famine as well as being the primary port of entry for most European immigrants to the United States throughout the 19th century.
Glorious Revolution
The Glorious Revolution occurred in England between 1688-1689. James II inherited the throne after Charles II, but his Catholicism and plans for a permanent standing army led Protestants to support his daughter Mary and son-in-law William of Orange taking the throne instead. William and Mary agreed to rule jointly and pass the Bill of Rights, which limited royal powers and established parliamentary supremacy. The consequences included parliament gaining greater control over taxation, succession, and war.
Howtheamericaschange
The document discusses several major events and developments that occurred during the long 19th century in the Americas and beyond:
1) Many newly independent colonies in the Americas struggled to build stable governments and states amid diverse populations after gaining independence from European powers.
2) This era saw massive migration, economic growth, and internal conflicts over issues like class, race, and states' rights. It also influenced other countries' independence movements.
3) Events like the Little Ice Age, diseases, and frozen harbors impacted populations and trade in Europe and the Americas during this time period.
Pentrich uprising 1817
Pentrich uprising 1817. Citizens clearly discontented with government. Influenced by luddite uprising in 1811-12. Led to execution of leaders. Oppressive government policies were introduced following this uprising. The uprising was a part of many smaller uprisings, showing popular discontent.
the political and economical situation of Britain in 18th century
In this presentation we are going to know how was Britain in the 18th century in economic and political terms
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1. After gaining independence in the early 1800s, many Latin American countries struggled with poverty, political instability, and dependence on foreign nations for economic investments.
2. The U.S. came to dominate affairs in Latin America through policies like the Monroe Doctrine and Roosevelt Corollary, which allowed them to intervene militarily.
3. Under foreign influence, Latin American economies grew through increased exports but industrial development was limited and debt to wealthy nations drained their economies. The U.S. built the Panama Canal to further their economic and strategic interests in the region.
Causes French Rev
The French Revolution was caused by social inequality, the influence of Enlightenment ideas from America, and economic troubles under the weak leadership of King Louis XVI. French society was divided into three unequal estates, with 96-97% of the population in the taxed third estate. The American and French Enlightenments promoted ideas of equality, natural rights, and republicanism that challenged the French monarchy. Additionally, French commerce had declined while debt grew due to supporting the American Revolution. Crop failures in the 1780s exacerbated economic woes, leading the bourgeoisie and peasants to question the authority of the government.
Roots of revolution
The document summarizes the political and economic conditions in France prior to the French Revolution. It describes the divisions of the three estates, with 97% of the population in the Third Estate. The Third Estate faced high taxes and lacked political power. The French monarchy accumulated large debts under several kings and was forced to call the Estates General in 1789 to approve new taxes, but the Third Estate refused to vote as one with the other estates and instead formed the National Assembly, marking the beginning of the Revolution.
American Colonies Theme 7
- The "Glorious Revolution" saw William of Orange invade England in 1688 and depose King James II, establishing himself and his wife Mary as joint sovereigns. This revolution was led by a foreign army and established Parliament's power over the monarch.
- In the American colonies, the Dominion of New England which consolidated colonial governments was dissolved. Colonies revived their old charters and elected regimes. Protestants promised to support King William and Queen Mary.
- By the early 1700s, increased shipping improved transatlantic communication. Colonists were more informed about European events but still felt isolated. Newspapers also proliferated in major colonial ports.
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the political and economical situation of Britain in 18th century
the political and economical situation of Britain in 18th century
28-3 Powerpoint: US Economic Imperialism in Latin America
28-3 Powerpoint: US Economic Imperialism in Latin America
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Alexander the Great
Alexander the Great created the largest empire the ancient world had known between 336-323 BC by assembling a large Greek army equipped with pikes and advancing in phalanx formation. He was able to quickly conquer territories through military force and puncturing of enemies. When faced with the impossible Gordian knot, Alexander cut it with his sword, establishing his divine approval to continue his campaign of conquest. However, his empire did not last long after his death in 323 BC from alcoholism.
American frontiers
The document discusses several individuals and communities that existed on cultural frontiers in the Americas between the 16th-18th centuries as European and indigenous cultures collided. It describes Spanish priests in Peru, a Christianized indigenous woman in Brazil working to adapt her people to European ways, and violent Spanish priest in Peru. It also discusses Red Shoes, a diplomat playing European powers off each other, and a mixed-race shoemaker guild leader in Argentina. The document contrasts the Puritan town of Deerfield with the culturally mixed town of Kahnawake and discusses Jesuit missionaries efforts to convert and educate indigenous groups in New France.
History 140, journal 2
Terry discusses several topics from their history class, including a book about French Jesuit missionaries in New America called "The Black Robe". They were intrigued by the story of cultural contact and influence. Terry also critiques the character of Bequer, a corrupt priest, and discusses the Spanish conquest of Mexico and the role of the Jesuits in colonization.
American colonies
The document discusses several topics related to life in the American colonies in the late 17th and early 18th centuries, including:
1) Increasing taxes in England to fund wars with France, sowing discontent in the colonies.
2) The British cracking down on piracy by the late 17th century as pirates became liabilities rather than assets.
3) Luxury goods becoming more available and affordable for common colonists, contrary to the views of Alexander Hamilton.
4) Religious revivals and fiery preaching by figures like George Whitefield in the early 18th century.
5) Native Americans' acquisition of guns and horses fundamentally changing their way of life and making war more
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The document discusses Early Modern Europe and the role of cheese in Dutch history. During this period of social and economic change, the Dutch developed agricultural techniques like windmills and dikes to drain land and grow crops. They became major cheese producers, exporting cheese to places like England. However, the English enacted trade restrictions like the Navigation Act of 1651 to limit Dutch commerce. This led to conflicts between the Dutch and English, including the first of three Anglo-Dutch wars from 1652 to 1654 that was ultimately fought over control of the cheese and butter trade.
South seas
French explorer Antoine de Bougainville discovered Tahiti in 1768 and was impressed by the health, beauty, and temperament of the indigenous people. Similarly, Captain James Cook made several voyages to the Pacific Islands shortly after and found the islanders to be kind and gentle. However, in 1779 a group of islanders on Hawaii killed Captain Cook and four marines, disemboweling and baking Cook's body as a sign of respect, showing the islanders were not as peaceful as initially presented.
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The document contains summaries of several chapters from a history textbook covering the Atlantic Wars and Revolutions time period. It discusses the creation of the Dominion of New England under King James II, the growth of poverty in urban areas during the 18th century, the importation of over 1.5 million enslaved Africans to the British colonies, the growth of churches and congregations across the colonies, and Europeans' initial difficulties navigating and exploring the vast Pacific Ocean.
Ch19 3 & 4 Notes
The document discusses the growth of cottage industries and the building of the Atlantic economy in the 18th century. It describes how the putting-out system employed rural families to supplement their income by having them produce goods from home. It also discusses how British mercantilism and colonial wars led to the growth of trade networks between Britain, its colonies, and other parts of the Atlantic world. Key figures like Adam Smith challenged mercantilist ideas and argued for free trade and limited government intervention in the economy.
The Age of Revolution
The document provides background on the Age of Revolution from 1763 to 1848. It summarizes several major revolutions during this period including the American Revolution against British rule, the French Revolution which overthrew the French monarchy and established a republic, and the Haitian Revolution which established Haiti as the first black republic. It also discusses the spread of revolutionary ideals to Latin America, leading to independence movements against Spanish and Portuguese colonial rule. Overall, the document outlines how the Enlightenment era led to the decline of absolutism and rise of new constitutional states and republics across Europe and the Americas through major revolutionary events.
AgeOfRevolution
The document provides background on the Age of Revolution from 1763 to 1848. It summarizes several major revolutions during this period including the American Revolution against British rule, the French Revolution which overthrew the French monarchy and established a republic, and the Haitian Revolution which established Haiti as the first black republic. It also discusses the spread of revolutionary ideals to Latin America, leading to independence movements against Spanish and Portuguese colonial rule. Key influences included the ideas of the Enlightenment and desires for self-government and an end to colonialism and absolutism.
Chapter 8 - The Northern and Southern Economies
The document summarizes the economic differences between the Northern and Southern sections of the United States between 1800-1860. The Northern section experienced rapid industrialization and urbanization, while factory workers faced poor conditions and organized early labor unions. Meanwhile, the Southern section was dominated by cotton plantations that relied on the institution of slavery, with the majority of African Americans living in bondage across the South.
History of the US - Gr2NA3.pptx
1. The document outlines major events and periods in American history from the colonial era to the late 20th century.
2. It discusses the establishment of English colonies in North America in the 1600s, the American Revolution and founding of the United States in the late 18th century, the Civil War and slavery in the mid-19th century, and the country's rise as an industrial power at the end of the 19th century.
3. The 20th century saw events like the Progressive Era, US entry into World War I and World War II, the Great Depression, and the Cold War period following World War II.
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The American Revolution was sparked by growing tensions between the American colonies and Britain due to new taxes and trade laws imposed by Parliament. The colonists objected to "taxation without representation" and sought more self-governance. This led to acts of protest and growing conflict, culminating in the outbreak of war in 1775 and the Declaration of Independence in 1776, which established the United States as an independent nation.
Americas 19th Century
The document summarizes major events and developments in the Americas during the 19th century. Several key points:
1) Many countries in the western hemisphere gained independence from European powers, while the United States expanded significantly in size through western expansion and the Mexican-American War.
2) Industrialization increased in the northern U.S. while the southern economy remained agricultural and relied on slavery, exacerbating tensions between the north and south that led to the Civil War.
3) Western expansion was characterized by migration to the frontier for land and resources, increasing ethnic diversity across the population.
American colonies by miguel cardenas
The document summarizes the government of the American colonies in the 1700s. Each colony had its own established system of self-government and elections based on English rights. Tensions escalated over British taxation, leading the colonies to form provincial congresses and the Continental Congress to coordinate protests against Britain. By 1775, all royal officials had been expelled as the colonies moved toward declaring independence and establishing independent state governments.
The european moment
The document summarizes key events and impacts of European colonialism between the 15th-early 20th centuries. It discusses how Europeans conquered and divided lands in Africa, Asia, the Americas, and Oceania for economic and political gain. Colonies were exploited for resources and labor through practices like forced crops, land seizures, and wage labor. This caused social changes like the rise of cash economies and Christian missionary activity. Cultural identities also shifted as colonized peoples developed new senses of nationality, religion, and race in response to colonial rule. By 1900, Europeans had transformed local economies and societies to serve global markets and colonial governance.
The european moment
The document summarizes key events in the Atlantic Revolutions of the late 18th and early 19th centuries, including the American Revolution, French Revolution, Haitian Revolution, and Spanish American Revolution. It also discusses the worldwide effects of these revolutions, such as the growth of nationalism, feminism, and the abolition of slavery. Additionally, it examines the process of industrialization in Europe, Britain, America, and Russia and how society was transformed. It provides overviews of China, the Ottoman Empire, and Japan during this period, including their varying responses to Western expansion and industrialization.
The european moment
The document summarizes several key events and impacts of European colonialism between the 15th-early 20th centuries:
1) Europeans conquered and colonized much of Asia, Africa, the Americas, and Oceania through military force and exploitation of natural resources, imposing their rule over local populations.
2) Colonial economies transformed local industries and labor, focusing on cash crops and mining for European markets and forcing many into wage labor under harsh conditions.
3) European rule and Christian missionaries significantly changed local cultures and identities as colonized peoples were classified by race and religion in relation to their colonial rulers. Some resisted through rebellions while others adopted Western education and religious conversion.
4) By the early
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This document provides a timeline of events from 1951 to 2011 and biographical information about four individuals: Terry was born in 1951 and graduated high school in 1968, Brandon was born in 1991 and graduated high school in 2009, Diego was born in 1990 and graduated high school in 2009, and Kambiz was born in 1992 and graduated high school in 2010. It also notes that Terry was born and lives in San Diego, Brandon was born in Ohio but has lived all over the USA, and Kambiz was born in Afghanistan and lived in Pakistan, Tajikistan before moving to the USA.
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America compared
The document provides short summaries of selected chapters from the book "America Compared" by Terry Onley. It discusses the rise of big business in the US, Britain, and Japan in the late 19th/early 20th century. It also summarizes chapters on the American and European film industries in the 1920s, American and Japanese propaganda during WWII, the American and British responses to revolution in the 1770s and Vietnam, globalization and American power in recent decades, and concludes with a brief summary of "Napalm Diplomacy."
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The Panama Canal made international shipping much more efficient by allowing ships to travel between the East and West coasts of North America without having to go around South America. The French initially started work on the canal but ran out of money. It has since been expanded to accommodate larger ships. William Mulholland's Los Angeles aqueduct project brought water to LA, fueling its growth, but drained the Owens Valley of its water supply turning it into a desert. The aqueduct project helped develop LA but negatively impacted Owens Valley.
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Personal research
- 1. The Economic history of the USA<br />1905039370European colonies in the 15th-18th Centuries were marginal colonial economies. These grew into 13 small independent farming economies. Circa 1776, these colonies revolted against England, at least in part because of the heavy taxes on goods imported into the colonial states. <br />In the approximately 230 years since, the USA has grown into an economic giant that represents about ¼ of the world economy.<br />261937546990Why? Well, the USA is a large unified market with a supportive political-legal system, lots of valuable natural resources (including a bunch of farmland), a strong entrepreneurial spirit, generally high wages, and millions of productive immigrants.<br />471487515792459525674370Two cents!At the beginning, the USA experienced great economic difficulty, primarily from the cost of the Revolution, and British blockades. In 1776, the new government issued about $246,000,000 in paper currency, which rapidly devalued, and was later redeemed at ~1 cent on the dollar. The issue of 1780-81 also devalued sharply, but was eventually redeemed by the Fed at Face value in 1791.<br />Loans from wealthy Americans (not much) and France financed much of the revolution.(More research required in this area)’<br />1st common market in 1787. Hamilton wanted a strong, authoritative central government. When Jefferson became president in 1801, he pushed for laws and policies that would protect the average person, but the Hamiltonian factions were still strong.<br />More research and development to follow…<br />