How Did The American Revolution Affect The Industrial Economy

The American Revolution was a war for independence by the American colonies against Great Britain during 1775 to 1783. This created a brand new United States. After that, American Civil War was happened from 1861 to 1865. The Union won the war. The major causes of the Civil War was the United States of America and the Confederate States of America, a collection of eleven southern states that left the Union in 1860 and 1861 and formed their own country in order to protect the institution of slavery.
When 1865-1900, called as Gilded Age, the rapid economic of U.S development following the Civil War laid the groundwork for the industrial economy. By 1890, the USA leaped ahead of Britain for first place in manufacturing output. The Progressive
But instead, the increases of consumer demand had strengthen the economic growth of the post-war period. Many new industries such as electronic grew by leaps and bounds. The years of changing in United Stated was the 1960s & 1970s. The 1950s in America are often described as a time of self-satisfaction. By contrast, the 1960s and 1970s were a time of great change .The term “stagflation” is an economic situation in which there are inflation and unemployment rate keep increasing and business are not doing well. People began to expect the price of the goods keep increasing, so they bought more. The increased demand had pushed up the price of goods caused the demand of higher
Both were unsuccessful. A perhaps more successful attack on inflation involved the "deregulation" of numerous industries, including airlines, trucking, and railroads. These industries had been tightly regulated, with government controlling routes and prices. United States had gone through a deep recession throughout 1982. Business bankruptcies had raise up to 50% compare with the previous year. Farmers were especially hard hit, crop prices drop and interest rate rise. By 1983, inflation had reduced, the economy had rebounded and the United States began a continuously period of economic growth. United States’s labour force changed during the 1990s. Continuing a long-term trend, the number of farmers decrease. A small part of workers had jobs in industry, the workers that worked in the service sector is much greater than industry sector. If steel and shoes will not the mainstays of America, computer and software were make them run