in a paragraph, analyze how the American revolution worsened the economic condition for many citizens. consider the people who raised concerns about economic problems. include the step citizens took to address their economic problems.

Answer 1

The American Revolution had a significant impact on the economic condition of many citizens, worsening it in several ways. One of the major concerns raised by those who were affected were the skyrocketing prices of goods and services, which outpaced the growth of wages. The supply chains and trade networks were disrupted, leading to shortages and scarcity of essential goods. Additionally, inflation soared as the Continental Congress printed large amounts of paper money to fund the war effort, causing a depreciation in its value. This economic turmoil led to widespread financial hardship for citizens, particularly those with fixed incomes or who relied on trade or agriculture for their livelihoods. In response to these economic challenges, citizens took various measures to address their problems. Some resorted to bartering or self-sufficiency, attempting to meet their needs outside of the regular market economy. Others resorted to engaging in smuggling or black market activities to access essential goods. Furthermore, various communities formed committees or associations to regulate prices and ensure fair distribution of scarce resources. However, these efforts could only provide limited relief, and the economic hardships endured by many citizens during and immediately following the American Revolution were significant.