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 PAPER92.9% 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

CHECK THESE SAMPLES OF Economic development in the United States from the Revolutionary War to the Civil War

United States and Mexican War

...that the racial impurity of the people of Mexico would lead to disaster. Hence, racism has allowed Mexico to maintain its sovereignty. On the issue of slavery in the West, which has become the obsession of U.S. policy after the war with Mexico, Polk felt that the expansion would preserve the agricultural character and democratic United States, and weaken the trend toward centralization power. He believed that these benefits are the main target of development of the West, and felt they should take if the new territory was free or slave. He saw the Missouri Compromise, prohibiting slavery in all lands north of 36 degrees 30 minutes latitude, as a solution to the problem of...
2 Pages(500 words)Essay

The united states after the civil war

... The United s after the Civil War The cost of the Civil War to the United s was massive. The American economy boomed after the Civil war and the country witnessed remarkable economic growth and development (Peacock 11). 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. What became apparent during this development is the realization that modernization always extracts heavy price. The United States extracted a heavy price in regard to its natural resources, politics, environment, and landscape. In addition... , this...
3 Pages(750 words)Essay

Revolutionary War-Cowpens

...? Revolutionary War-Cowpens Who were the Generals/ officers or leaders? Where werethey from? Did they have any military experience? The Battle of Cowpens which happened on January 17, 1781 turned out to be a decisive victory by the American Revolutionary forces who were under the Brigadier General Daniel Morgan, which was in the Southern portion that campaigned of the American Revolutionary War. It apparently leads to be a turning point in starting again the conquest of the South Carolina from the British. In this book the author Bryant, talks about the people that is military men and rangers as well as the regiments that participated in the Battle of the...
3 Pages(750 words)Essay

Yorktown-American Revolutionary War

...? Yorktown-American Revolutionary War Yorktown-American Revolutionary War Part Yorktown 1781- Overview of Campaign The battle of Yorktown was all about America’s revolution in a bid to become an independent state. The battle is said to have began in 1775 and ended in 1783 following the surrender of British troops and German allies1. The actual war was is said to have begun on September 28 when American forces under the leadership of General George Washington together with its French-allied forces led by Comte de Rochambeau hatched a plan to attack the British forces together with its allies that had camped at Yorktown in Virginia....
3 Pages(750 words)Essay

Revolutionary War

...that the war would bring back the colonists in place of the British. Hence, there were those tribes, the loyalists, who fought on the side of the British, and battled against the colonists on their own. The patriots considered the Indians as a threat during the war. The Patriots identified the Native Americans as savages which only proved their extreme dislike for the tribes. The American Revolutionary War was in many ways a civil war. This can be said because most of the land oriented wars were fought within the United States. Secondly, loyalists who proved their allegiance to the...
8 Pages(2000 words)Essay

Civil War

...that the Reconstruction attempts met stiff resistance from the southern insurgency movements (Jerry 34). The northern confederacy wanted to restructure governance structures within the south in order to end slavery. On the other hand, Southern states wanted to continue propagating and practicing slavery. In the middle of contentions was the black American population, who were enslaved and forced to work as farm laborers by white farmers in the south. In this case, the two parties strived to address their concerns, and this lead to a 12 year of Reconstruction efforts within the south. The entire civil war took place within southern states. Upon its completion, communities...
12 Pages(3000 words)Research Paper

The United States Economic Development in the World War II

...? The United s Economic Development in the World War II Introduction The post era of the United s of Americawas between 1945 to 1960.Americans were worried about their economy after the Second World War. One of the worries was because their declined expenditure in military (Davis, 2012). They did not want to go back to economic depression that had been witnessed before. Following the World War II, the increase in the demand of consumers for commodities fueled a robust economic growth. One industry that benefited from the consumer demand was the motor vehicle industry. The automobile...
11 Pages(2750 words)Essay

American Revolutionary War

...Oftentimes throughout history, the major historical events that take place are focused upon to such a degree and extent that the causal factors/catalysts that help to engage these instances from the very beginning are overlooked. This can especially be said to be true with respect to the American Revolutionary war. All too often, the impacts of pre-Revolutionary war sentiments, groups of dissatisfied colonists, and the levels of organization that began to be evidenced in the early 1770s are overlooked as historians and stakeholders within society choose to focus instead upon the key factors of the major events of that help to define the way in which the...
4 Pages(1000 words)Essay

Kwame Nkrumah and the relationship between the Civil Rights Movement and the Cold War 1950's : 1960's

...endure for almost six decades or until 1994 when South Africa-- the remaining colony in Africa-- would achieve independence. This research paper discusses the vision of Kwame Nkrumah for Ghana and the whole of Africa, and his contribution to the Civil Rights Movement, as well as the relationship between the movement and the Cold War. Kwame Nkrumah: The Golden Leadership of Ghana In essence, Kwame Nkrumah was a staunch advocate of peace and nonviolence but he had to gain access to vast resources, which two power blocs during that time had: the United States and Russia. In relation to this, it is important to mention that it was the huge support that Nkrumah received from...
15 Pages(3750 words)Research Paper

The United States Civil War

...Why the South Lost The United s Civil War The Civil War was one of the bloodiest wars in that it took more lives than any other war in the United States' history. With such confusion, it divided people - brothers against brothers, families against families - fighting in military forces on opposing sides. 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...
8 Pages(2000 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!

Contact Us