USA HISTORY

THE VIRGINIA DYNASTY 1801 1825

WAR OF 1812

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
How did the War of 1812 affect economic development in the postwar period?
A
The United States realized that in order to make money they had to increase manufacturing goods and become more independent economically.
B
It made the United States more dependable on foreign made good.
C
The people of the US no longer showed respect to the military forces.
D
The United States could no longer trade with other countries.
Explanation: 

Detailed explanation-1: -The War of 1812 had a devastating effect on commerce. The US trade restrictions leading up to the war dramatically decreased American exports. The British blockades and direct attacks on tobacco stores and other US trade goods made it difficult to conduct commerce during the war.

Detailed explanation-2: -How did the War of 1812 lead to a boom in manufacturing in the United States? The war stopped the import or export of foreign goods so Americans were forced to buy American products, which in turn increased manufacturing.

Detailed explanation-3: -Public debt and levels of taxation increased during most conflicts; • Consumption as a percent of GDP decreased during most conflicts; • Investment as a percent of GDP decreased during most conflicts; • Inflation increased during or as a direct consequence of these conflicts.

Detailed explanation-4: -Answer and Explanation: 1) US government stimulated economic growth by changing her economy from agro-based to an industrial-based economy. The government stepped in by initiating organizational strategies in industries such as the outwork system to increase productivity.

There is 1 question to complete.