Joseph D. Reid

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Joseph D. Reid is a professor of economics with specializations in economic history and development economics. He has taught at multiple universities, including the University of Chicago and George Mason University. [1] Reid has published considerable work in the field American economic history, with emphasis on agricultural and early American history. Two such examples are “Sharecropping and Agricultural Uncertainty” [2] and “Economic Burden: Spark to the American Revolution?”

Economics Social science that analyzes the production, distribution, and consumption of goods and services

Economics is the social science that studies the production, distribution, and consumption of goods and services.

Economic history is the study of economies or economic phenomena of the past. Analysis in economic history is undertaken using a combination of historical methods, statistical methods and the application of economic theory to historical situations and institutions. The topic includes financial and business history and overlaps with areas of social history such as demographic and labor history. The quantitative—in this case, econometric—study of economic history is also known as cliometrics.

Development economics is a branch of economics which deals with economic aspects of the development process in low income countries. Its focus is not only on methods of promoting economic development, economic growth and structural change but also on improving the potential for the mass of the population, for example, through health, education and workplace conditions, whether through public or private channels.

Contents

Economic Burden: Spark to the American Revolution?

“Economic Burden: Spark to the American Revolution?” examines the generally accepted claim that financial burdens on the American colonists in the prerevolutionary era were one of the causal factors that drove the colonists to the overthrow British rule. Reid analyzes this claim by estimating the wealth and income of the colonists and comparing those figures to the tax rate and burdensome trade regulations, such as the Acts of Trade and Navigation. This legislature, among other things, made it necessary that all foreign trade with the colonies go through England.

Thirteen Colonies British American colonies which became the United States

The Thirteen Colonies, also known as the Thirteen British Colonies or the Thirteen American Colonies, were a group of British colonies on the Atlantic coast of North America founded in the 17th and 18th centuries. They declared independence in 1776 and formed the United States of America. The Thirteen Colonies had very similar political, constitutional, and legal systems and were dominated by Protestant English-speakers. They were part of Britain's possessions in the New World, which also included colonies in Canada, the Caribbean, and the Floridas.

Reid comes to the conclusion that the net burden on imports were not likely to have been more than two to three percent. [3] Compared with other nations, colonists experienced less of a tax burden than anyone and had a higher standard of living. However, most of the economic burden experienced by the colonies came in the form of lost trade. Additionally, the being under British rule gave the colonialists many benefits, such as military protection from the Native Americans. Ultimately, Reid concludes that “conflicting economic interests sufficed to start the American Revolution.” [4]

Colonial American military history military record of the Thirteen Colonies from their founding to the American Revolution in 1775

Colonial American military history is the military record of the Thirteen Colonies from their founding to the American Revolution in 1775.

Native Americans in the United States Indigenous peoples of the United States (except Hawaii)

Native Americans, also known as American Indians, Indigenous Americans and other terms, are the indigenous peoples of the United States, except Hawaii. There are over 500 federally recognized tribes within the US, about half of which are associated with Indian reservations. The term "American Indian" excludes Native Hawaiians and some Alaska Natives, while Native Americans are American Indians, plus Alaska Natives of all ethnicities. Native Hawaiians are not counted as Native Americans by the US Census, instead being included in the Census grouping of "Native Hawaiian and other Pacific Islander".

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American Revolution Colonial revolt in which the Thirteen Colonies won independence from Great Britain

The American Revolution was a colonial revolt that took place between 1765 and 1783. The American Patriots in the Thirteen Colonies won independence from Great Britain, becoming the United States of America. They defeated the British in the American Revolutionary War (1775–1783) in alliance with France and others.

Stamp Act 1765 UK parliament act of 1765

The Stamp Act of 1765 was an Act of the Parliament of Great Britain that imposed a direct tax on the British colonies and plantations in America and required that many printed materials in the colonies be produced on stamped paper produced in London, carrying an embossed revenue stamp. Printed materials included legal documents, magazines, playing cards, newspapers, and many other types of paper used throughout the colonies. Like previous taxes, the stamp tax had to be paid in valid British currency, not in colonial paper money.

Navigation Acts

The Navigation Acts, or more broadly The Acts of Trade and Navigation were a long series of English laws that developed, promoted, and regulated English ships, shipping, trade, and commerce between other countries and with its own colonies. The laws also regulated England's fisheries and restricted foreigners' participation in its colonial trade. While based on earlier precedents, they were first enacted in 1651 under the Commonwealth. The system was reenacted and broadened with the restoration by the Act of 1660, and further developed and tightened by the Navigation Acts of 1663, 1673, and 1696. Upon this basis during the 18th century, the acts were modified by subsequent amendments, changes, and the addition of enforcement mechanisms and staff. Additionally, a major change in the very purpose of the acts in the 1760s — that of generating a colonial revenue, rather than only regulating the Empire's trade — would help lead to revolutionary events, and major changes in implementation of the acts themselves. The Acts generally prohibited the use of foreign ships, required the employment of English and colonial mariners for three quarters of the crews, including East India Company ships. The acts prohibited the colonies from exporting specific, enumerated, products to countries and colonies other than those British, and mandated that imports be sourced only through Britain. Overall, the Acts formed the basis for English British overseas trade for nearly 200 years, but with the development and gradual acceptance of free trade, the acts were eventually repealed in 1849. The laws reflected the European economic theory of mercantilism which sought to keep all the benefits of trade inside their respective Empires, and to minimize the loss of gold and silver, or profits, to foreigners through purchases and trade. The system would develop with the colonies supplying raw materials for British industry, and in exchange for this guaranteed market, the colonies would purchase manufactured goods from or through Britain.

Albany Congress meeting of representatives from seven of the thirteen British colonies

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Colonial history of the United States aspect of history

The colonial history of the United States covers the history of European colonization of America from the early 16th century until the incorporation of the colonies into the United States of America. In the late 16th century, England, France, Spain, and the Netherlands launched major colonization programs in America. The death rate was very high among those who arrived first, and some early attempts disappeared altogether, such as the English Lost Colony of Roanoke. Nevertheless, successful colonies were established within several decades.

Intolerable Acts series of punitive laws passed by the British Parliament in 1774

The Intolerable Acts were punitive laws passed by the British Parliament in 1774 after the Boston Tea Party. The laws were meant to punish the Massachusetts colonists for their defiance in the Tea Party protest in reaction to changes in taxation by the British to the detriment of colonial goods. In Great Britain, these laws were referred to as the Coercive Acts.

Sharecropping form of agriculture in which a landowner allows a tenant to use the land in return for a share of the crops produced on their portion of land

Sharecropping is a form of agriculture in which a landowner allows a tenant to use the land in return for a share of the crops produced on their portion of land. Sharecropping has a long history and there are a wide range of different situations and types of agreements that have used a form of the system. Some are governed by tradition, and others by law. Legal contract systems such as the Italian mezzadria, the French métayage, the Spanish mediero, the Slavic połowcy,издoльщина or the Islamic system of muqasat, occur widely.

Sons of Liberty dissident organization during the American Revolution from Boston

The Sons of Liberty was a secret organization that was created in the Thirteen American Colonies to advance the rights of the European colonists and to fight taxation by the British government. It played a major role in most colonies in battling the Stamp Act in 1765. The group officially disbanded after the Stamp Act was repealed. However, the name was applied to other local separatist groups during the years preceding the American Revolution.

Townshend Acts townshend

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Currency Act

The Currency Act is one of many several Acts of the Parliament of Great Britain that regulated paper money issued by the colonies of British America. The Acts sought to protect British merchants and creditors from being paid in depreciated colonial currency. The policy created tension between the colonies and Great Britain, and was cited as a grievance by colonists early in the American Revolution. However, the consensus view among modern economic historians and economists is that the debts owed by colonists to British merchants was not a major cause of the Revolution. In 1995, a random survey of 178 members of the Economic History Association found that 92 percent of economists and 74 percent of historians disagreed with the statement, "The debts owed by colonists to British merchants and other private citizens constituted one of the most powerful causes leading to the Revolution."

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Slavery in the British and French Caribbean

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The history of New England pertains to the New England region of North America in the United States. New England is the oldest clearly defined region of the United States, and it predates the American Revolution by more than 150 years. The English Pilgrims were Puritans fleeing religious persecution in England who established Plymouth Colony in 1620, the first colony in New England and second in America. A large influx of Puritans populated the greater region during the Puritan migration to New England (1620–1640), largely in the Boston and Salem area. Farming, fishing, and lumbering prospered, as did whaling and sea trading.

Molasses Act

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References

  1. "Joseph D Reid's website". George Mason University. Archived from the original on July 1, 2011. Retrieved 15 October 2011.
  2. “Sharecropping and Agricultural Uncertainty.” Economic Development and Cultural Change. Vol. 24, No. 3 (Apr., 1976), pp. 549-576 JSTOR   1153005
  3. Joseph D. Reid, Jr. “Economic Burden: Spark to the American Revolution?” The Journal of Economic History Vol. 38, No. 1, The Tasks of Economic History (Mar., 1978), pp. 81-100 JSTOR   2119317
  4. Joseph D. Reid, Jr. “Economic Burden: Spark to the American Revolution?” The Journal of Economic History Vol. 38, No. 1, The Tasks of Economic History (Mar., 1978), pp.100