Answer:
The British was more of a Monarchy and the colonists were democratic
Explanation:
The British government was run under a singular king or queen while the colonists was government by themselves but still paying taxes to the British government.
In general, an economic recession refers to when a country or state is undergoing a period of slow economic growth (sometimes the growth is negative). It is less severe than a depression.
The answer is November 8th, 1880