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Between 1774 and 1789, the American economy (GDP per capita) shrank by close to 30 percent. Devastation of real property, a contraction of the labor force due to war deaths and injuries, the cessation of British credit, and exclusion from markets in Britain and West Indies resulted in widespread economic collapse.
- Dancing
Jean Leon Gerome Ferris, "The Victory Ball, 1781", ca. 1929....
- George Washington at The Theater
While the motion picture wouldn’t be invented for more than...
- Washington's Dating Advice
Translation: To quote five of the most preeminent...
- Dancing
Feb 19, 2014 · For the overall government sector from 1930 to 2012, receipts increased from 11.1 to 26.4 percent of gross domestic product, (GDP) and expenditures rose from 12.1 to 35.6 percent of GDP. This Fiscal Fact provides an overview of these long-term trends.
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English policy, to shut out American trade, was calculated on the young republic failing. Business and political leaders, such as Robert Morris, Alexander Hamilton, George Washington, and James Madison, worked to give more power to Congress to raise revenue, but the states blocked their attempts.
Long Term Economic Growth – 1860–1965: A Statistical Compendium. Business Booms and Depressions since 1775, a chart of the past trend of price inflation, federal debt, business, national income, stocks and bond yields for the United States from 1775 to 1943. Budget of the United States Government.
- The Sugar Act
- The Currency Act
- The Stamp Act
- The Townshend Acts
- The Tea Act
- The Coercive Acts
The Sugar Act was passed by Parliament in April of 1764. The act placed a tax on sugar and molasses imported into the colonies. This affected Boston and New England greatly because the colonists there used sugar and molasses to make rum. The act was also intended to stop trade between the colonies and the Dutch, French and Spanish. Boston merchants...
The Currency Act consisted of several acts, such as the Currency Act of 1751 and the Currency Act of 1764, that regulated paper money issued by the American colonies. The acts were passed to protect British merchants from being paid in depreciated colonial currency. The acts forbade the colonies from issuing paper money, which was creating problems...
The Stamp Act was passed in March of 1765. The act was a tax on all paper used for printed materials in the colonies. It required that all materials printed in the colonies be printed on paper embossed with an official revenue stamp. The printed materials in question included everything from newspapers, to magazines to legal documents. The Stamp Ac...
The Townshend Acts were passed in 1767. The acts consisted of the Revenue Act of 1767 (which placed a tax on British goods imported into the colonies such as glass, tea, lead, paints and paper), the Commissioners of Customs Act, the Vice Admiralty Act, and the New York Restraining Act. The acts were highly unpopular and met with resistance from the...
The Tea Act was passed in 1773. It allowed for tea to be shipped by British companies duty-free to the colonies, thus allowing them to sell the tea for a discounted price. The tea act was intended to be a bailout for the British East India Company which was suffering financially when colonists began boycotting British tea. It was also intended to s...
The Coercive Acts were the British government’s response to the Boston Tea Party. The acts were passed in 1774 and were a series of four acts designed to restore order in Massachusetts and punish Boston for its rebellious act. The Coercive Acts included: Boston Port Act: The Boston Port Act closed Boston harbor until the damages from the Boston Tea...
Dec 31, 2001 · This study is of the North American colonial economy from the middle of the seventeenth century to the American Revolution, with emphasis on the later years.
The U.S. Economy: A Brief. History. The modern American economy traces its roots to the quest of European settlers for economic gain in the 16th, 17th, and 18th centuries. The New World then progressed from a marginally successful colonial economy to a small, independent farming economy and, eventually, to a highly complex industrial economy.
