For 10 years or so years, Great Britain experienced a deteriorating relationship with her 13 colonies in North America. The Revolutionary War was a direct cause of this poor relationship. There were many events that caused turmoil but there were several key events that turned the table. British Parliament, in 1765, adopted the Stamp Act, which levied taxes on paper for to generate higher revenue from the colonies. The colonies responded with the Stamp Act Congress who simply opposed this legislation.
The American Revolution combined with the Seven and Nine Years’ Wars caused heavy expenditures for France, it wasn’t capable of raising funds to equate to the level of debt it had. Louis XV was naïve in believing that with the absence of a central bank France would have been able to reduce its debt, when in reality the wars were financed by
A couple of ideas and events led to believe that in 1786 and 1787 that the Articles of Confederation were lacking provisions for a strong and central government that were not working well. These events and ideas made a big impact on the government we have today in the United States. The Articles of Confederation were a model to the present day Constitution; it took many trials and tribulations to finally get it right. The events that took place showed the people what the Articles were lacking. One of the things that was happening was the government was printing paper money that was essentially worthless.
The American Revolution came about after much conflict with Great Britain. Mostly, the conflict was over taxation that the colonies saw as unfair. You see, the colonies were still under the control of Great Britain, which was ruled by King George the Third. At this point in time Great Britain was in very serious financial debt due to the French and Indian War. The colonies were a fairly large source of not only revenue for Great Britain, but also raw materials.
After the Declaration of Independence in 1776, the thirteen Colonies finally gained its freedom from Great Britain, Even though the thirteen States were independent they did not know what would be the specific prohibition on the government power. The Continental Congress adopted the Article of Confederation in which listed specific function to the National government. The Articles of confederation was a total disaster, because the Federal government was too weak to enforce any of the its laws. The thirteen States now decided that they needed a stronger central government and created the U.S Constitution, It was signed on September 17, 1787. The Constitution created a national government, laws, and guaranteed certain rights for its citizens.
The American Revolution was the first war in America 's history. It was caused by many events such as the French and Indian War, the Intolerable Acts, and the king’s oppressive rules. However, the main factors that caused this war were, taxation, not being allowed to have representation in Parliament and being denied their rights. The first reason that the colonists and England went to war, was the fact that England was passing taxes without the colonists having a voice. Many taxes were passed that charged colonists on some of the items they used often.
The Revolutionary War consisted of many conflicts from the time the war started until its end. But some of the most pivotal events leading up to the war happened before it even started. After the French and Indian War, tensions grew between the American colonies and Britain. While there were many clashes during the war, the major conflicts consisted primarily of taxation without representation. After the French and Indian War, Britain was in debt.
The Federalist papers were made for two specifics reason of events that happened before the revolution that the leaders wanted to prevent in the future by coming up with the idea of editing the Articles of Confederation. this two reason were: American federal organization were practicing of the old British empire as it existed before 1764, and the arguments of the generation from the French and Indian war to the adoption of the federal Constitution, and, more particularly, the discussions in the ten or twelve years before independence, made the way they want to organize the country difficult because the population was used to it they were afraid of a change meant. “The center of this problem was the difficulty of recognizing federalism; and,
The first government of the united states was based on the articles of confederation and that was eventually adopted during the revolutionary war.The major flaw of the articles of confederation was the lack of strong national government. Which was the cause of economic disorganization, lack of central leadership, and legislative inefficiencies. The economic disorganization was exposed due to that congress could not regulate trade because of limited power that congress had. Not only did congress have limited power, but also the economic disorganization had no uniform system of currency. Which made trade between the states much more difficult and less efficient.
Interest rates continued to rise in order to reduce inflation; this caused manufacturing and housing to weaken. The savings and loans industry suffered during this time. They experienced frequent account withdrawals, as depositors moved their money to higher-earning accounts offered by commercial banks. The savings and loans industry was already struggling, the recession only made it worse. High mortgage rates destroyed the value of mortgage-backed loans, which is the primary asset of the savings and loans association.