Britain spent a huge amount of money fighting the Revolutionary War, increasing national debt hugely and creating a yearly interest of nearly ten million pounds. Taxes had to be raised as a result. The trade which Britain relied on for wealth was severely interrupted, with imports and exports experiencing large drops and the recession which followed caused stock and land prices to plummet. Trade was also affected by naval attacks from Britain’s enemies, and thousands of merchant ships were captured.
On the other hand, wartime industry such as the naval suppliers or the elements of the textile industry which made uniforms experienced a boost, and unemployment fell as Britain struggled to find enough men for the army, a situation which would cause them to hire German soldiers. British ‘privateers’ experienced as much success preying on enemy merchant ships as almost any of their opponents.
The effects on trade were also short term, as British trade with the new USA rose to the same levels as trade with them in colonial form by 1785, and by 1792 trade between Britain and Europe had doubled. Additionally, while Britain gained an even larger national debt, they were in a position to live with it and there were no financially motivated rebellions like those of France.
Indeed, Britain was able to support several armies during the Napoleonic wars (and even field its own instead of just paying for other peoples). It's been said that Britain was even right to lose the war because of the economic benefits.
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France ceded its territory east of the Mississippi to Great Britain, as well as French Louisiana west of the Mississippi River to its ally Spain in compensation for Spain's loss to Britain of Spanish Florida.
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What are 2 causes of the french revolution and why were they significant?
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Although scholarly debate continues about the exact causes of the Revolution, the following reasons are commonly adduced: (1) the bourgeoisie resented its exclusion from political power and positions of honour; (2) the peasants were acutely aware of their situation and were less and less willing to support the ..
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In 1949, the prospect of further Communist expansion prompted the United States and 11 other Western nations to form the North Atlantic Treaty Organization (NATO). The Soviet Union and its affiliated Communist nations in Eastern Europe founded a rival alliance, the Warsaw Pact, in 1955. Joining the USSR in the alliance were Albania, Bulgaria, Czechoslovakia, the German Democratic Republic (East Germany), Hungary, Poland, and Romania. This lineup remained constant until the Cold War ended with the dismantling of all the Communist governments in Eastern Europe in 1989 and 1990. Initial member-states of the North Atlantic Treaty Organisation (NATO) included the United States and all five Brussels treaty nations, Canada, Denmark, Iceland, Italy, Norway, and Portugal. Several countries were invited to join NATO but refused, including Finland, Ireland, Sweden, and the ever-neutral Switzerland.
NATO favored capitalism and the USSR favored communism. These alliances rivaled each other and fought for dominance. NATO ended up coming on the top to save capitalism.
Democrat John F. Kennedy won the 1960 elction against Republican Richard Nixon.
