Revolutionary War Economy

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After the Revolutionary War, America had finally gained its independence, but it had a long way to go before becoming self sufficient. From its insubstantial and transitory Articles of Confederation to the ratification of its solid Constitution still used today, newly independent America proved its ability to unify. Although historians argue the American Revolution wasn’t nearly as radical as a traditional revolution, its economic and political effects led to long lasting change. The societal impact of the American Revolution may have eventually contributed to women’s rights and emancipation of slaves, but its concrete advances took years to manifest. Because colonies in the South maintained their use of slaves for economic purposes after the revolution, the Constitution included the three fifths compromise and allowed the slave trade to continue for years. Though slaves were being freed in the North, the attachment to slaves was just as strong in the South after the war. Furthermore, women also received few benefits from…show more content…
Although Americans were freed from trade restrictions, they both massive debt and the loss of their major trading partner. Because of this, the colonies had to quickly seek out new foreign markets to trade with, and come up with means of self taxation. In America’s new post war economy, individual states chartered hundreds of banks, but the differing currencies between states interfered with domestic trade and quickly lost their value. The desperate need for cohesive economics made America strengthen the central government by giving it the sole power to coin money and maintain the army. Though many feared the power of a central government, this helped to stabilize the economy and unite the states. This unity was a deciding factor in the long term survival of

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