Not Worth a Continental

Collapse of US Economy after the Revolution Not value a continental is a phrase used to sop up devaluation of dollar after the American War of Independence (1776-1783). It was of worth little in that era because of no backing of unuttered currency. It is also said that patriots had to pay the price of independence in terms of inflation and economic crisis. The Americans had to wage war against the side of meat because they were ill-used economic whollyy and politically by the mother untaught i.e. England. Colonies were supposed to serve the benefits of mother farming. Navigation Acts of 1641, 1651, 1660 and 1689 AD had impose several limitations on the trade and manufacturing activities of the colonies. The colonies were allowed to export only in the ship of mother country. Moreover they were also not permitted to shape things like hats, steel, wooden goods etc. In short they were exploited economically a lot by the English Govt. It was all so because in late eighteenth century England was experiencing the celebrated Industrial Revolution and it would like to make its industrial separate prosperous. Above mentioned measures were not acceptable by the colonial multitude because they would like to have their own independent, political and economic administration where they could prosperous like anything.

In the past the mother country imposed several restrictions on the issue of credit bills. unless during the war the colonies were free to do so just to congruous the heavy expenditures of war. They did not have gold or silverish in hand and even could not impose the people. Because the politicians had typic mentality which compelled them to print paper notes as oft as possible to meet the requirements of war instead tax the people. The first continental currency was circulated on 10th May, 1775 and printed by Hall and Sellers of Philadelphia. It bore intricate patterns so that it could not be copied by anyone. During the war colonies were free to print paper money as they desired... If you want to get a full essay, recite it on our website: Ordercustompaper.com

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