people only know of the “thirteen original colonies”‚ there were‚ in fact‚ thirty-two English colonies in North America by 1775. However‚ only thirteen of them participated in rebellion. These thirteen settlements shared certain characteristics‚ most prominently of all‚ their rapid population growth. There were 300‚000 people in the New World in 1700‚ but by 1725‚ 2.5 million populated the thirteen colonies; it went from twenty English subjects for every American to only 3 for every one. This growth of
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Economic development is the sustained‚ concerted actions of policy makers and communities that promote the standard of living and economic health of a specific area. Economic development can also be referred to as the quantitative and qualitative changes in the economy. Such actions can involve multiple areas including development of human capital‚ critical infrastructure‚ regional competitiveness‚ environmental sustainability‚ social inclusion‚ health‚ safety‚ literacy‚ and other initiatives. Economic
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The American revolution fundamentally changed American society politically(colonies formed the federal government)‚ economically (more use of agriculture)‚ and socially (women used for labor and the fight for more religious freedom.) The American revolution fundamentally changed american society politically (docs c‚ e‚ I.) our founding fathers thought that the new country needed a better federal government. This is proved in doc I which is a piece from the federalist written by James Madison. This
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Commonwealth of England was ruled by Oliver Cromwell and Parliament in 1651. King Charles I was just beheaded and the new leaders were looking for a way to express their dominant position. At this time‚ England faced financial trouble. Looking for a way to increase the Commonwealth’s income‚ its rulers settled on the use of international trade. This was not a bad idea‚ except for the fact that the Dutch ruled the sea of international trade. They shipped constantly between England and the Colonies meaning
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centuries‚ the economic theory utilized by Great Britain towards its empire was known as mercantilism. The idea behind mercantilism was to amass wealth through a favorable balance of trade‚ or exporting more goods than were imported. Within the idea of mercantilism‚ the colonies were meant to be a source of raw materials and a market for manufactured products. Even though the mercantile theory seemed to prosper between England and the colonies‚ the underlying resentment from the colonies towards it and
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Economic development is the increase in the standard of living in a nation’s population with sustained growth from a simple‚ low-income economy to a modern‚ high-income economy.[1][2] Also‚ if the local quality of life could be improved‚ economic development would be enhanced.[3] Its scope includes the process and policies by which a nation improves the economic‚ political‚ and social well-being of its people. Economic growth is the increase of per capita gross domestic product (GDP) or other measure
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The development of areas and their politics can be greatly affected by many things‚ but one of the major developmental factors is economics. If two areas have vastly different economies‚ they will develop vastly different political systems. One such case can be found when exploring the development of Massachusetts and Virginia in the periods of 1607 to 1750. Massachusetts was a polar opposite of Virginia when it comes to economic development. In the early ages of migration to the new world‚ the
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interest-bearing or discounted) that is issued by a government or corporation in order to raise money; the bondissuer is required to pay a fixed sum annually until maturity and then a fixed sum to repay the principal. Bonds guide. Boom: A state of economic prosperity‚ as in boom times. Break even: This is a term used to describe a point at which revenues equal costs (fixed and variable). Bretton Woods: An international monetary system operating from 1946-1973. The value of the dollar was fixed
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Mercantilism and Protectionism Today Introduciton Mercantilism as one of the first and oldest economic theories‚ since political economy arose as a science‚ does not belong just to the past. Mercantilism and protectionism as its policy is very present and actively used even today. Actually‚ it has never disappeared. The mercantilists preached that countries should always strive to have a trade surplus and avoid trade deficits at all cost. That is partly because they viewed the flow of gold as central
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When Europeans first landed on North American territory‚ domination was vital. Europeans would take out whoever was in their way if they did not collaborate with them. The Americas‚ which was once solitude for the American Indians‚ quickly came crashing down when the Europeans arrived. English settlers treated undesirable people with no respect. English settlers viewed themselves above all others as being the best‚ and when Indians‚ African slaves and “witches” came along‚ no respect was given to
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