What were the major economic changes brought about by the American Revolution?

History The American Revolution Questions



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What were the major economic changes brought about by the American Revolution?

The major economic changes brought about by the American Revolution included the shift from a colonial economy to an independent nation's economy, the establishment of free trade and commerce, the development of American industries, and the emergence of a market economy. Additionally, the war led to inflation, increased taxation, and the accumulation of war debts, which prompted the need for economic reforms and the creation of a stronger central government.