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The American Revolution (1775–1783) inaugurated the inalienable rights of "life, liberty, and the pursuit of happiness", which emphasize individual freedom and economic entrepreneurship, and simultaneously a commitment to the political values of liberalism and republicanism, which emphasize natural rights, equality under the law for all ...
After the first colonial boycott in 1765, Parliament overturned the Sugar and Stamp Acts, and after a second boycott in 1768 Parliament overturned all of the Townshend duties except for the tax on tea. [2] The colonists persisted, and the American boycott of tea ultimately culminated in the Boston Tea Party of 1773. Despite the Revolution's ...
This radical change in the principles, opinions, sentiments, and affections of the people was the real American Revolution. [ 138 ] In the mid-20th century, historian Leonard Woods Labaree identified eight characteristics of the Loyalists that made them essentially conservative, opposite to the characteristics of the Patriots. [ 139 ]
The 1780s marked an economic downturn for the United States due to debts incurred during the Revolutionary War, Congress' inability to levy taxes, and significant inflation of the Continental dollar. Political essays such as Common Sense and The Federalist Papers had a major effect on American culture and public opinion.
The Confederation period was the era of the United States' history in the 1780s after the American Revolution and prior to the ratification of the United States Constitution. In 1781, the United States ratified the Articles of Confederation and Perpetual Union and prevailed in the Battle of Yorktown , the last major land battle between British ...
The Industrial Revolution altered the U.S. economy and set the stage for the United States to dominate technological change and growth in the Second Industrial Revolution and the Gilded Age. [28] The Industrial Revolution also saw a decrease in labor shortages which had characterized the U.S. economy through its early years. [29]
"In 2001, we were still in era of the big balance sheet economy and bidding the prices of assets and stocks up higher and higher. In 2011, we are coming down the hill and adjusting to that period ...
The United States exited recession in late 1949, and another robust expansion began. This expansion coincided with the Korean War, after which the Federal Reserve initiated more restrictive monetary policy. The slowdown in economic activity led to the recession of 1953, bringing an end to nearly four years of expansion. May 1954– Aug 1957 39 ...