To: George W. Bush
Eventually, the colonies benefitted from domestic manufacture, having previously been forbidden to manufacture and only supplying raw materials to Britain's industries. The American IPO had very little earnings, a highly devalued stock, heavily in debt and virtually bankrupt. Many FReepers would have called it a scam. (And the first CEO had to borrow money to pay his own relocation expenses.)
22 posted on
11/14/2005 7:52:28 AM PST by
Moonman62
(Federal creed: If it moves tax it. If it keeps moving regulate it. If it stops moving subsidize it)
To: Moonman62
The American IPO had very little earnings, a highly devalued stock, heavily in debt and virtually bankrupt. Many FReepers would have called it a scam. (And the first CEO had to borrow money to pay his own relocation expenses.)
I think that first generation of colonists felt they got screwed, a proud American tradition that carries on to modern times.
Was it worthwhile to us, their descendants? Of course. For them? I think their mileage varied but was largely on the negative side, made worse by continuing harassment from the Brits and French with aid from Indians trying to contain paleface expansionism.
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