How did the new republic survive the major domestic and foreign crisis of its first decade?
Question
How did the new republic survive the major domestic and foreign crisis of its first decade?
How did the new republic survive the major domestic and foreign crisis of its first decade?
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Answers ( )
Answer:
The economic problems faced by the Congress deeply touched the lives of most Americans in the 1780s. The war had disrupted much of the American economy. On the high seas the BRITISH NAVY had great superiority and destroyed most American ships, crippling the flow of trade. On land, where both armies regularly stole from local farms in order to find food, farmers suffered tremendously.
When the fighting came to an end in 1781, the economy was in a shambles. Exports to Britain were restricted. Further, British law prohibited trade with Britain’s remaining SUGAR COLONIES in the Caribbean. Thus, two major sources of colonial-era commerce were eliminated. A flood of cheap British manufactured imports that sold cheaper than comparable American-made goods made the post-war economic slump worse. Finally, the high level of debt taken on by the states to fund the war effort added to the ECONOMIC CRISIS by helping to fuel rapid inflation.
The new political and economic policies helped in the survival of the Domestic and foreign crises.
Explanation:
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