Nobody downloaded yet

Economic development in the United States from the Revolutionary War to the Civil War - Essay Example

Comments (0) Cite this document
As huge and integrated the American economy is today, its history dates back to the European colonization that transpired between the 16th and the 18th century. The American Revolution occurred when the Americans in the initial thirteen colonies began a war against the British,…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER95.4% of users find it useful
Economic development in the United States from the Revolutionary War to the Civil War
Read TextPreview

Extract of sample
"Economic development in the United States from the Revolutionary War to the Civil War"

Download file to see previous pages In other words the paper describes the American economy from 1775 up to 1865.
During the revolutionary war period, the British made attempts to crush down the American economy through blockading all the ports. However, with over 90 percent of the population practicing farming, it was not an easy task for the economy to be crushed. Thus, according to Atack and Passell (98-99), the economy of America during the revolutionary war period proved to be resilient and was able to sustain the war.
The Congress and the most of the American states financed the war using various ways. At the time of declaration of American independence in 1776, the economies of the thirteen original states were stable. The adoption of the United States constitution in 1787 also facilitated the growth of America’s economy to large extents. The constitution for instance, stated that the entire nation was a common market, devoid of internal tariffs and taxes on interstate commerce. This greatly stimulated economic growth.
The first secretary of the treasury, Alexander Hamilton championed a myriad of reforms that saw the US economy thrive (Rousseau, and Sylla 9). He established a strong national credit. This was based on taking over the incumbent state debts and adding them up to the old state debts into new securities which were in turn sold to the rich people. He also funded the state debts through tariffs imposed on imported goods as well as a high tax on whiskey.
Hamilton succeeded in diversifying the American economy by ameliorating the manufacturing, banking and shipping sectors. Through his efforts, the first Bank of the United States was established in 1791.However, the bill for the establishment of the first Bank of the United States provided for a twenty year charter for the bank. This implies that, the charter was to be renewed in 1811.
Even so, the Bank of the United States is credited for solving a plethora of monetary problems that had marred the United States ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
(“Economic development in the United States from the Revolutionary War Essay”, n.d.)
Economic development in the United States from the Revolutionary War Essay. Retrieved from
(Economic Development in the United States from the Revolutionary War Essay)
Economic Development in the United States from the Revolutionary War Essay.
“Economic Development in the United States from the Revolutionary War Essay”, n.d.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document
Kwame Nkrumah and the relationship between the Civil Rights Movement and the Cold War 1950's : 1960's
The decolonization movement and process in Africa was launched with resolve, vitality, and passion in 1947, when Nkrumah went back to the Gold Coast to become the secretary of the first political party created to gain self-government for the Gold Coast—the United Gold Coast Convention (UGCC).i The movement and process would endure for almost six decades or until 1994 when South Africa-- the remaining colony in Africa-- would achieve independence.
15 Pages(3750 words)Research Paper
What role do greed and grievance play in civil war
I will inform you once the paper is ready for submission. thank you very much =) Much of the theoretical and policy discourse about civil wars has placed emphasis, not irrationally, on the cost or economic aspect of conflict. A helpful theoretical
14 Pages(3500 words)Essay
Social and Ecological Awakening in Post Civil War United States
Taking a cue from Dickens, American writers tried to entertain and educate as well. The Civil War had been long and arduous, killing many men on both sides. Although victorious in that blacks were finally granted their freedom, the country was embittered toward war.
5 Pages(1250 words)Essay
The united states after the civil war
As a matter of fact, there are only a few nations in the world history that have transformed as rapidly as the United States from a relatively isolated, agrarian, rural, and backward nation into one of the most industrially advanced pluralistic and urban societies in the world.
3 Pages(750 words)Essay
The United States Economic Development in the World War II
This essay primarily focuses on the critical analysis of the macroeconomic policies of the US government during and after the Second World War. Several reasons that led to the success of the United States of America after the war are identified in the essay. The industrial strength of the country was a crucial factor that led to that success.
11 Pages(2750 words)Essay
Revolutionary War
The war had a huge effect on the colonists’ lives and this in turn contributed towards the conduct and course of the war. A large number of American tribes who resided in the east of the Mississippi river found it difficult to decide whether to participate in the war, and if so, then whose side to support.
8 Pages(2000 words)Essay
The Libyan Civil War
This paper analyzes the driving forces behind the extension of the war along with the analysis of the main actors acting as the chief influence machine coupled with their aim, interests, capacities and different types of relation at different points of time. The second part deals with the different aspects of conflicts and peace including several negotiations and their impacts and the after effects of such negotiations inculcated with them along with a brief ex-post and ex- ante analysis.
8 Pages(2000 words)Essay
Irish Civil War
The religious and political issues that were prevailing in Ireland were started a long time back before start of the new century divided Ireland into many groups who had their own ideology and aspirations. These groups could be divided into a lot of ways: Protestant or Catholic, for or in opposition to Home Rule, and after the year 1920, those who supported the idea of an Irish Free State and those opposed to it.
21 Pages(5250 words)Essay
The United States Civil War
The North (Union) fought to prevent a threat to the Union while the South (Confederate) fought for independence and a particular institution, slavery. Historians have long debated on the causes as well as why the South lost the war. Progressive historians stressed that the economic gap between the North and the South was the cause of the war.
8 Pages(2000 words)Essay
History The American Civil War
inally such power conflict led to one of the greatest bloodbaths in the American history that still casts is its impact over the common people of the nation. Adoption of the Articles of Confederation had a great role to play in paving the path towards the mass destruction that
6 Pages(1500 words)Essay
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Let us find you another Essay on topic Economic development in the United States from the Revolutionary War to the Civil War for FREE!
logo footer
Contact us:
Contact Us Now
FREE Mobile Apps:
  • StudentShare App Store
  • StudentShare Google play
  • About StudentShare
  • Testimonials
  • FAQ
  • Blog
  • Free Essays
  • New Essays
  • Essays
  • Miscellaneous
  • The Newest Essay Topics
  • Index samples by all dates
Join us:
Contact Us