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The American Economy 18th Century

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Submitted By Vboreanaz
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The beginning of the United States was certainly not an easy road for its first inhabitants but they found a way to survive the unknown elements. America built it's foundations on the formation of the first original thirteen colonies. It was Great Britain who was at the head of the table and the colonies resided at its side under its control and rule. With Britain being so far from America, the colonists became tired of being under the rule of the king and his parliament, and began the in bark on gaining their freedom from its dominate hold and control and went to war with the help of France and won. After gaining their independence America was now starting over with no financial stability to help sustain its colonies, so America began to borrow loans from other countries to help establish its economy. The nature of the American economy in the last decade of the 18th century and the attempts by its citizens and leaders would help define the United States in so many ways.

When the colonists gained their freedom and independence little did they know the challenges that they would face in forming the nation's economic system. Early on in the quest to establish the economy, America realized that manufacturing and the trade of farming would help start their economic journey and gain them a financial beginning. For “Production, either agricultural or manufacturing, was at the heart of the domestic economy.” American manufacturers of goods and farmers no longer were under the rules of Great Britain and now had more freedom to do as they wished in order to gain wealth for the economy and themselves. The biggest changes in the economy really began when a unknown young man by the name of Andrew Jackson, who was orphaned as a child by the death of his parents and who had no political background became the 7th President of the United States in 1829. President Jackson

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