Impact of the
American Revolution on trade
zFought for economic reasons
yBritain’s demand for exclusive trading rights with American colonies
xCheap
raw materials è England
xHigh-priced
finished goods è colonies
zEffects on business
yRemoval
of major obstacles to economic expansion (British regulations and taxes)
yHigh
costs: Loss
of money, lives, commercial alliances, banking/credit associations, and the
protection
of British law and naval power