History of Europe

How did The American boycott-affect the Britain economically?

How did the American boycott affect Britain economically?

The American boycott of British goods had a profound effect on the British economy. The disruption of transatlantic trade caused British exports to decline by approximately 25%, leading to widespread job losses and economic hardship. The boycott also led to Britain losing market share in the global marketplace, as other countries, such as France and Germany, stepped in to fill the void. The economic pain caused by the boycott put pressure on the British government to negotiate a resolution, ultimately resulting in the Treaty of Paris in 1783.