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Southern plantations had been damaged during the war, and rice exports dropped sharply. Trade also fell off when the British closed the profitable West Indies (Caribbean) market to American merchants. What little money there was went to pay foreign debts, and a serious currency shortage resulted.
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What is one way that American Revolution contribute to the start of the French Revolution?
the cost of supporting the american revolution caused the french king to propose tax increases
How does the Declaration of Independence compare or contrast with Locke's statement?
It argues that the revolution was caused by the many abuses of King George III.
What was the effect of the panic of 1873?
It caused an economic depression and loss of hope. It used to be called the Great Depression, before the Great Depression of the 1930's. It is now called the Long Depression. It also lead to conflict in the USA over the backing of money i.e. The Gold Standard vs The Free Silver Movement.
What are some common causes of revolution in history?
Revolutions are generally caused by bad leaders, bad economy, or by another countries' demonstration of a successful revolution.
What revolutions were caused by a reaction to absolute authority?
Russian revolution was a cause of the Czar ignoring the needs of the people.
