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18th century America wasn't as equal as in 17th century America, but the settlers in the New World were still far more prosperous than the average citizen in England. The southern colonies were based on plantations (Mainly tobacco), and the New England colonies were based on ship building, lumbering, etc. The New England colonies contained more of a "middle class" than the southern ones. The southerner's middle class were the small-time land-owning farmers.
.The AMERICAN economy in the 18th century was one stricken inflation and worthlessness. After America claimed independence and fought the Revolutionary War it was severely in debt. The major focus of the first administrations was regaining economic power such as Alexander Hamilton`s Financial Program. Other countries around the world had a joke against American money of the time, the monetary unit was called a Continental and when they though something was worthless they said "It isn't worth a Continental".
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∙ 8y ago
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∙ 12y agoIt was poor.
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What was the American economy like by the 1890s?
It was the largest producer in the world.
Which is better the American economy or the Mexican economy?
As of 2011 the American economy is better than the Mexican economy. However.... The Mexican Economy has the potential to surpass the American economy. In 2010: the American Economy grew: 2.9% the Mexican Economy grew: 5.3%
Is American a mixed economy or is it a market economy?
U.S.A is a Market Economy Canada is a Mixed Economy Whoo Hoo!
Why did the American economy change from a producer durable goods economy to a consumer durable goods economy?
yes
Why is America leading in today's economy?
Whay is American and Japan leading in today's economy?
What was the American economy like by the 1890s?
It was the largest producer in the world.
Which is better the American economy or the Mexican economy?
As of 2011 the American economy is better than the Mexican economy. However.... The Mexican Economy has the potential to surpass the American economy. In 2010: the American Economy grew: 2.9% the Mexican Economy grew: 5.3%
What was the economy like in the American after World War 1?
the ecomomy BOOMED
What was the American economy like during 1974-1977?
it was bad dude xD
What effect did the Embargo Act have on American economy?
amost destroyed american economy
Is the recovery of american economy the same for every body?
is the recovery of the american economy the same for everybody
What does economy flexible mean with American airlines?
what is economy flexable
Is American a mixed economy or is it a market economy?
U.S.A is a Market Economy Canada is a Mixed Economy Whoo Hoo!
After the spanish American war many workers in cuba?
After the Spanish-American War, many workers in Cuba resented American control of the economy.
What is the French economy like?
The French economy is like a French economy. >:D
What affect did the protective tariffs have on the American economy?
Protective tariffs had a few effects in the American economy. The main effect that it had was pricing.
How is the American economy different today than it was in the early 20th century?
In the early 20th Century the American Economy was more industrial based. The American Economy in the 21st Century has seen an outsourcing of much of the industrial sector to economies that have "cheaper" labor. The current American Economy is more technologically and scientifically based.
