Thursday, August 6, 2015

How does American Revolution change the economy?

The most overwhelming way in which the American Revolution
changed the economy was that it allowed the colonists to make and keep their own money. 
In the years the preceded it, so much of colonial economic rights were being violated at
the hands of the British.  The various taxes and acts really suppressed the colonial
economy and the generation of wealth.  The Revolution ended up changing much of this
through eliminating the external control of money and monetary matters.  Colonists were
now able to keep their own money, free from external control.  As the new nation
emerged, this became an element that helped to define the American economy, as the
protection of economic rights and the ability to control one's own economic destiny
became a critical part of freedom.  This ability ended up fostering the capitalism that
would define the nation from then until now.

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