What was a cause of the economic problems of the United States in the 1780s?
Answers
Answer:
United States faced economic problems in the 1780s as a result of the American revolution that saw a all-out war against Britain. United states wanted to govern and tax themselves and this was contrary to to Britain. Americans boycotted British manufactured goods. Britain as a result decided to torture the American economy by blocking the oceanic ports this led to a decline in hinterland trade.
Answer:
The end of the American Revolution in 1780s brought both triumph and tragedy to the newly formed United States. On the one hand, the nation earned its independence and successfully ratified its Constitution. On the other hand, the Revolution brought severe economic hardship and financial ruin. The war's disruption of trade, currency problems, burdensome public debt and the loss of Britain's economic connection all contributed to a weak U.S. economy in the 1780s.
Some of the chief reasons responsible for such economic problems are: -
1) State policy
2) social unrest
3) currency Crises
4) Trade disruption
Explanation: