USA HISTORY

THE VIRGINIA DYNASTY 1801 1825

THOMAS JEFFERSONS PRESIDENCY LOUISIANA PURCHASE LEWIS CLARK AND MORE

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
How did the war between France and Britain, in the mid-1790s, affect American business?
A
it increased trade for American shippers making them more money
B
it made America enter a depression
C
it cut off American traders from the world
D
it opened trade with china
Explanation: 

Detailed explanation-1: -The French and Indian War began in 1754 and ended with the Treaty of Paris in 1763. The war provided Great Britain enormous territorial gains in North America, but disputes over subsequent frontier policy and paying the war’s expenses led to colonial discontent, and ultimately to the American Revolution.

Detailed explanation-2: -The war nearly doubled the British national debt, from £75 million in 1756 to £133 million in 1763. Interest payments alone consumed over half the national budget, and the continuing military presence in North America was a constant drain. The Empire needed more revenue to replenish its dwindling coffers.

Detailed explanation-3: -After French King Louis XVI was tried and executed on January 21, 1793, war between France and monarchal nations Great Britain and Spain was inevitable. These two powers joined Austria and other European nations in the war against Revolutionary France that had already started in 1791.

Detailed explanation-4: -The strife disrupted both French and European trade, and even the economic position of the newly formed United States began to change drastically. As the Napoleonic Wars drained the energies of Britain, France, and the rest of Europe, America was free to develop its own economic potential.

There is 1 question to complete.