American history Essay Example | Topics and Well Written Essays - 1250 words - 3

American history - Essay ExampleIt is actually obvious from different periods that different historical period has left its marks on American economy. All those periods throw laid strong base for modern worlds scotch super advocate.Colonial American economy was mainly driven by agriculture. The country tilted towards industrialisation from the date of independence. All the industrialization was expanded in 18th century. It started long back in 1776. In that period economy of time 13 original colonies were very strong and stable. At this point of time the country faces great economic expansion as number of world increased and lots of foreign people in fluxed in to the country. People of America became very self sufficient which gave huge boast to their economy. Due to its strategic geographic location, abundant of natural resources has attracted lots of foreigners in to the country. Massachusetts was a great shipping hub. Virginia was an attractive pull for business ventures. Fur industry and fishing industry has boosted the local economy very much. Increasing population and foreign trade has developed the American economy at that stage. It was the starting time of global power shifting. At that point of time white free Americans were accustomed with higher life styles (French 149). In that colonial period people of America earned their livelihood on the basis of slim farms. As the colonies grew small local industries like gristmills and sawmills came up. Entrepreneurs started their business endeavours. People started farming rice, grew tobacco and indigo. Building ships and sailing them also was very common for creating wealth. It was a very important phase for economic development in America. It is the time when American people started to unleash their entrepreneurial skills.Americans were fighting for their rights with British people. Britain refused American demand of equality. Americans decided