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Summary: The 13 Colonies Economic Troubles

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Summary: The 13 Colonies Economic Troubles
The 13 Colonies Economic Troubles
By: E'Maurai G, Seth G, and Jonathan L (students)

Since Great Britain needed to pay for their war debts the king and parliament thought that they had the right to tax the American colonies. “The Sugar Act was an extension of the Molasses Act (1733), which was set to expire in 1763”. In 1756-1763 Great Britain had a 7 year war with France and after the war ended Great Britain had high war debts so they started taxing the colonies. The American colonies got upset about the extremely high taxes so they revolted against Great Britain.

The American Revolution were looking for a better government because the king began to make laws and started putting taxes on sugar so that they can pay their debt. The American colonist didn't like the government that they have and they are looking for a new government. In the words of Thomas Paine “A nation under a well regulated government, should permit none to remain uninstructed. It is monarchical and aristocratic government only that requires ignorance for its support”. The American colonist were affected because of the taxes there was an Act that made it harder for the American Revolution to pay their debt.

After the Revolutionary War was over, the start of rebuilding the government begun. The …show more content…
The Upper class (Aristocrats) were Merchants and Clergymen in the New England Colony. Those who owned large amounts of land in the Middle and Southern Colonies. The Middle class are Clergy, Farmers, Shopkeepers, Ships Captains, Carpenters, and Blacksmiths in all colonies. The Lower class (Servants) are as listed Redemptioners, Indentured servants, and Slaves. the American Revolution change lots of the economy in the colonies because “The Congressional bills of credit before the war were being printed 1.5 for every 1 unit of gold. By the end of the war, the same bills of credit were being printed at an exchange of almost 150 to 1.” meaning our economic value was
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