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