USA HISTORY

Detailed explanation-1: -Which of the following contributed to the United States’ economic weakness at the beginning of the Revolutionary War? A the lack of a Congress to set economic policy.

Detailed explanation-2: -Between 1774 and 1789, the American economy (GDP per capita) shrank by close to 30 percent. Devastation of real property, a contraction of the labor force due to war deaths and injuries, the cessation of British credit, and exclusion from markets in Britain and West Indies resulted in widespread economic collapse.

Detailed explanation-3: -The end of monarchical rule, evolving governmental structures, religious fragmentation, challenges to the family system, economic flux, and massive population shifts all led to heightened uncertainty and insecurity.

Detailed explanation-4: -A flood of cheap British manufactured imports that sold cheaper than comparable American-made goods made the post-war economic slump worse. Finally, the high level of debt taken on by the states to fund the war effort added to the economic crisis by helping to fuel rapid inflation.

Detailed explanation-5: -Like other nations born in anti-colonial revolutions, the United States faced the challenge of building a sound economy, preserving national independence, and creating a stable political system which provided a legitimate place for opposition.