The American Revolution led to significant economic changes, including the shift from a mercantilist system dominated by British trade policies to a more independent market approach. As the colonies sought to establish their economic autonomy, they were no longer bound by British trade restrictions, allowing for the emergence of new trading partners and the growth of domestic industries. This change fostered a spirit of entrepreneurship and innovation, although it was also accompanied by challenges such as inflation and economic instability due to the war’s disruptions. Additionally, the Revolution catalyzed debates about taxation and representation, which influenced the development of a more structured economic framework in the newly formed United States.
In three to five sentences, explain the economic changes that resulted from the American Revolution
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