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American Revolution - Wikipedia, the free encyclopedia (2757 words) |
 | The American Revolution is the series of events, ideas, and changes that resulted in the political separation of thirteen colonies in North America from the British Empire and the creation of the United States of America. |
| The American Revolutionary War (1775–1783) was one part of the revolution, but the revolution began before the first shot was fired at Lexington and Concord and continued after the British surrender at Yorktown. |
| By 1776, the colonies had overthrown their existing government, closing courts and driving British agents and governors from their homes, and they had elected conventions and "legislatures" that existed outside of any legal framework— new constitutions were desperately needed in each colony to replace the superceded royal charters. |
| EH.Net Encyclopedia: Money in the American Colonies (12987 words) |
| The colony’s accrued balances in London were adequate to fund the redemption, and when redemption dates arrived in 1748 and 1764, the sums then due were paid in full, so the colony’s pledge was considered credible. |
| The colonies from New York to Virginia were buffered by their neighbors, and therefore issued no more than modest amounts of paper money until they were drawn into the French and Indian war, by which time their economies were large enough to temporarily absorb the issues. |
| The success of the middle colonies owes much to the simple fact that they did not exert themselves in war to the extent that their New England neighbors did, and that they were not permitted to freely issue bills of credit in peacetime. |
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