How does American Revolution change the economy?

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Ashley Kannan | Middle School Teacher | (Level 3) Distinguished Educator

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The most overwhelming way in which the American Revolution changed the economy was that it allowed the colonists to make and keep their own money.  In the years the preceded it, so much of colonial economic rights were being violated at the hands of the British.  The various taxes and acts really suppressed the colonial economy and the generation of wealth.  The Revolution ended up changing much of this through eliminating the external control of money and monetary matters.  Colonists were now able to keep their own money, free from external control.  As the new nation emerged, this became an element that helped to define the American economy, as the protection of economic rights and the ability to control one's own economic destiny became a critical part of freedom.  This ability ended up fostering the capitalism that would define the nation from then until now.

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