The American Revolution led to significant economic repercussions for both the colonies and Britain. The colonies' newly formed government, free from British control, implemented economic policies that prioritized domestic industry and trade, boosting local economies. On the other hand, Britain faced economic challenges as they lost a profitable market and a source of raw materials. This shift in economic power ultimately contributed to the decline of British dominance in global trade and the rise of the United States as a major economic power.
