The American Revolution affected the entire world in a very fundamental way not just in its own time but continues to affect the present time as well. Some of the major fundamental values that have emerged in the modern times as a consequence of the American Revolution were the rule of law and liberty. Apart from these two philosophical ideas, another major idea that emerged was that even colonialism by Britain, the most powerful nation at the time, could be defeated as longs the oppressed people stand together for their rights and resist
The tariff also increased living costs, limit exports and hurt investors as the high tariffs would make it harder for debtors to pay off loans, continuing to weaken banks. Overproduction and a faulty banking system were two of many factors that led to the Great Depression. The Smoot-Hawley Tariff also served to deteriorate conditions. Although several would argue about the causes of the Great Depression, one thing is for sure: this economic crisis was the most important economic depression of the twentieth century, which was accompanied by significant deflation and an explosion of unemployment and pushed the authorities to a deep reform of the financial
The Sugar Act had affected the colonies in different ways. To start, there was a shortage of rum, due to the taxation and shortage of sugar (“Sugar Act”). The Sugar Act was passed during an economic depression in the colonies, where most of the colonist’s money was spent on providing food and housing for the British soldiers. The colonists assumed the new tax program to be the cause of their economic problems. Protests and requests for the act’s repeal sprang up immediately (“Greenville’s Sugar
Between 1763 and 1775, there were three ‘Imperial Crises’ which occurred between the British and the American colonists. The conflict that was produced during this period arose through an undefined balance of political and economic power between the two parties. In 1763, Britain had just concluded the French and Indian war and was left with an immense and almost crippling debt of around 140 million pounds sterling (“Turning Point In American History”). In Britain’s eyes, the most effective way to reduce this debt was increased taxes. Unfortunately, the people of England were already massively overtaxed, which meant the last option for the British was to tax the American colonists.
But what causes a rebellion and eventually revolution? The first and most obvious cause to the French Revolution was the royal family themselves. During the period before the revolution the royal family was known for their extravagance, for throwing parties when their people were starving and couldn’t afford bread. Another contributing to the rebellion and revolution were the Class System called the Privileged Estates. France was severely in debt at that time, banks couldn’t give people who needed money because they didn’t have any to give, even with the high taxes.
This was because of the colonists’ past experience with Britain’s king and him having too much power over the people. The Articles had filled a lot of holes in the government system but left many unresolved problems and because of this, the Articles are considered to be a failed government system. After the revolution, America owed millions of borrowed money to other countries. The government had no right to tax the states for money and thus could not come up with the owed money. The Articles of Confederation failed to solve the country 's problem of debt
The Early 1930’s was a dismal time for America. The people were living in horrible conditions. There seemed like there was no hope for America any more. Three problems that caused or worsened the Great Depression were increased tariffs, low wages, and the Stock Market Crash. First, tariffs worsened the Great Depression because increased taxes made it harder for people to buy products from out of country.
If inflation were to occur it would give the people that lost their money a hard time to buy food, which means supporting a family. In other cases, deficit spending could also cause the taxes to increase to drain extra money out of the economy (Investopedia, 2017). With all these negative consequences in mind, deficit spending was very bad for the economy that caused lots of problems. This reason connects to the claim because it demonstrates the negatives of deficit spending along with the New Deal. After the government spends all their money on everything for the New Deal, it affects the economy by having them pay many taxes.
The people were in debt and and just dug themselves a deeper hole “,combined with production of more and more goods and rising personal debt,”(The Great Depressions) and had no way of making money to pay it all back without jobs. This all goes back to the roaring twenties when eh people bought and bought and dint think of the consequences. The biggest problem for the American was the stock market crash “the stock market crashed, triggering the Great Depression, the worst economic collapse in the history of the modern industrial world.”(The Great Depression) leading them into social mayhem. The people although causing this distress themselves sought out other things to blame while being completely helpless in their
For example, it made Germany to hand over 70,000 square kilometers of their lands to the allies. Also Germany had to pay 6,600 million dollars to the Allies. In addition, Germany had to reduce their army, so they couldn’t ready for the next battle. Because of those terms of the Treaty of Versailles Germany hated it a lot. After Germany signed the Treaty of Versailles nations of Germany had live miserable lives, because high inflation happened in Germany.