
Independence Brought Immediate Economic Depression Rather Than Instant Prosperity.
Post-Revolutionary Americans expected immediate commercial bounty once released from British mercantilist rules. Instead, peace unleashed speculative buying, rampant private debt, and flooded markets with foreign luxury goods. Farmers lost military supply markets while merchants overextended credit line accounts abroad. Within a single year of peace, the uncoordinated Atlantic states plunged into widespread industrial and agrarian distress.
Part 1

