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What caused financial crisis after the Revolutionary war?

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2014-08-23 01:01:29
2014-08-23 01:01:29

The financial crisis after the Revolutionary War was caused by the debt that had accumulated from the war itself. The U. S. owed millions of dollars to countries such as France.

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Most people dont know this answer. The taxes caused a great debt. The borrowing of money also caused the crisis


the factors of global financial crisis are the war,high price,stress.


France was having a financial crisis before the Revolutionary War because of a failed paper money system that was put in place within the country. This monetary paper money system was introduced between 1716 and 1720 by John Law.


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France's defeat in the Seven Years' War caused it to want to help America in the Revolutionary War.


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It was the first major financial crisis the U.S. faced. It caused the dollar to be established, and indirectly caused a Constitutional Convention. It was brought on by the Embargo Act and the War of 1812. It caused mass bank failures, unemployment shot up, and a slump in agriculture and manufacturing.




By writing "Common Sense" and "the American Crisis".


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because the Americans were beating the british


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France was of great help to then United States in the Revolutionary War. They provided military armaments and loans, along with much financial assistance.



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