President of the United States States which is not decided by popular vote. Nine vice presidents became president by virtue of a president's intra-term death or resignation. Donald Trump of New York is the 45th and current president. He assumed office on January 20, 2017. During the American Revolution in 1776, the Thirteen Colonies, acting through the Second Continental Congress, declared political independence from Great Britain. The new states were independent of each other as nation states and recognized the necessity of closely coordinating their efforts against the British. Congress desired to avoid anything that remotely resembled a monarchy and negotiated the Articles of Confederation
Economic history of the United Kingdom manufactured goods were sold around the world, and raw materials and luxury goods were imported to Britain. During the Industrial Revolution the empire became less important and less well-regarded. The British defeat in the American War of Independence (1775–1783) deprived it of its largest and most developed colonies. This loss brought a realisation that colonies were not particularly economically beneficial to the home economy. It was realised that the costs of occupation of colonies often exceeded the financial return to the taxpayer. In other words, formal empire afforded no great economic benefit when trade would continue whether the overseas political