2 centuries of peace between the US and Great Britain.
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.
Answer:
C. The articles of confederation
Explanation:
The Articles of Confederation and Perpetual Union was the first written constitution of the United States. Written in 1777 and stemming from wartime urgency, its progress was slowed by fears of central authority and extensive land claims by states. It was not ratified until March 1, 1781. Under these articles, the states remained sovereign and independent, with Congress serving as the last resort on appeal of disputes. Significantly, The Articles of Confederation named the new nation “The United States of America.” Congress was given the authority to make treaties and alliances, maintain armed forces and coin money. However, the central government lacked the ability to levy taxes and regulate commerce, issues that led to the Constitutional Convention in 1787 for the creation of new federal laws under The United States Constitution.
I'm thinking your question means to ask, "<em><u>What</u></em><em> is popular sovereignty?"</em>
"Popular sovereignty" means the people are in charge of establishing a government over themselves.
The founding fathers of the United States adopted the idea of popular sovereignty from Enlightenment philosophers like John Locke (of England) and Jean-Jacques Rousseau (of France).
The Declaration of Independence (1776), written primarily by Thomas Jefferson, asserted the concept of popular sovereignty. The Declaration insisted that people institute governments in order to secure their rights, and that governments get their authority from the consent of the governed. "Whenever any Form of Government becomes destructive of these ends," the Declaration of Independence said, "it is the Right of the People to alter or to abolish it, and to institute new Government, laying its foundation on such principles and organizing its powers in such form, as to them shall seem most likely to effect their Safety and Happiness."
