The war became very costly for England as all majority of its income
After the war the Americans gained confidence that that helped them in future
However, this did not only impact the
Additionally, it ruined the economy. The most tragic and devastating time in history was referred to as this. During this time, the nation's entire economy crashed and burned. After the war, there was an overproduction of everything, which resulted in a drop in all prices, which led to an economy boom. With that boom came a huge crash as people used every opportunity to get cash quickly.(Document 11).
[“I lived in a world that at any moment could erupt into fire. It was the sort of knowledge that kept you on your toes.” In the Glass Castle by Jeannette Walls she writes about her life growing up as a kid.] From moving around her whole childhood and not ever having enough food, to growing up to being a successful writer. They somehow make it through, proving that money can't buy happiness…but it can pay the rent and buy clothes and food, which helps.
The editorial cartoon in Document H provides a useful illustration of this point (see Document H). As Uncle Sam, the federal government, pours more public money into the machinery of war the main beneficiary would be economic recovery. According to Document B spending on military hardware and in the industrial sectors that produced weapons led to substantially higher prices, a sharp upturn in the stock markets, and greatly reduced unemployment (Document G). Public anxiety and fear in Western Europe and in the U.S. were fed by the prospect of yet another World War. Whether intended or not, this led to another measure supported by Democrats and Republicans that addressed one of the crises of a depression.
It impacted it because it paved the way for change
Apart from the change for people this also led to a change in how things would
It gave them the motivation to speak out against the government and fight for their
When the war interrupted American trade, Americans had no choice but to start making the goods that they were previously importing here in the United States. So, we ended up making more goods here then we were importing. Therefore, the United States making more goods led us to believe in the stability of our country. Another effect was that the United States finally proved that we could defend ourselves against the world’s strongest military
The War of 1812 was caused by multiple economic and political conflicts within North America and Europe. While the battles were contained to Europe, the Napoleonic Wars created economic alterations in the United States due to changing trade policies from Great Britain later influencing the Embargo Act of 1807 and the Non-Intercourse Acts. Regardless of the new trade restrictions, dealings between Great Britain and North Americans continued leaving Native Americans armed. It was not until 1811 when Henry Clay, John Calhoun, and the War Hawks approached Congress for a declaration of war against Great Britain. The War of 1812 continued for two years concluding with the Treaty of Ghent in 1814.
The biggest dramatic change that was caused by the war was that we got our political independence for England. There were really no economic or social changes that came from fighting this war, if anything the only other changes were negative economic changes. One of the documents was a chart that showed how people were doing economically
The cost of the war had significantly enlarged and engulfed Britain’s debt which had generated conflicts between
It led to two major recession that hit Britain's economy while
Another loss for Britain was the financial toll of the war. The cost of gathering and keeping a large military force drained the economy. The war debt accumulated by the British government amounted to billions of pounds. In addition, the war disrupted trade and industry. Many industries were repurposed for war production, while others had less production due to labor shortages.
