<span>The modern American economy traces its roots to the quest of European settlers for economic gain in the 16th, 17th, and 18th centuries. The New World then progressed from a marginally successful colonial economy to a small, independent farming economy and, eventually, to a highly complex industrial economy.
During this evolution, the United States developed ever more complex institutions to match its growth. And while government involvement in the economy has been a consistent theme, the extent of that involvement generally has increased.</span>
Answer:
The American Revolution was disastrous for the Iroquois. The confederacy, as such, refused to take part in the conflict but allowed each tribe to decide for itself, and all the tribes, except the Oneida, joined the British.
It established the United States as a major power in the Western Hemisphere.
