Sunday, November 20, 2016

     


     The American settlers were dependent on exports by England during this period we can see that America still needed some basic products such as soap, tea, clothing among others.

      In 1760 America was suffering an impact on its economy, a slow trade and the debt with Great Brittany increased. Besides in November 20 of 1767 the Townshed act  took place in America. The settlers had to pay fees on items such as glass , paper, paint. All imported from Great Britain. Some merchants started a move to stop these products from entering America hoping to reduce the sale of these products. In 1768 merchants voted to block English trade.

      Washington and Hamilton worked together to create a monetary system by creating a central bank to help increase the nation's economy.
     
    The nascent nation of america had great problems but were solved only thanks to the work of great forgiveness of history as you can see in this article.

1 comment:

  1. Good blog! What items did the US not need to get imported from Britain? What happened in result of the English trade being blocked in 1768?

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