Defining Economic Freedom Flashcards
1
Q
Shift from mercantilism
A
The Revolution weakened British economic control over American trade.
2
Q
Free labor vs. indentured servitude
A
Many indentured servants gained freedom, leading to more wage labor.
3
Q
Debates on economic equality
A
Some argued for policies to reduce wealth inequality, but elites resisted.
4
Q
Confiscation of Loyalist property
A
Many Loyalists lost land, redistributing wealth among patriots.
5
Q
Rise of capitalism .
A
Encouraged entrepreneurship and economic independence among Americans
