Founding Fathers of the United States Hancock, Henry, Morris, Marshall, Rush, and Paine). Founding Fathers of the United States The Founding Fathers of the United States were a group of philosophers, politicians, and writers who led the American Revolution against the Kingdom of Great Britain. Most were descendants of colonists settled in the Thirteen Colonies in North America. Historian Richard B. Morris in 1973 identified the following seven figures as the key Founding Fathers: Alexander Hamilton, John Adams, Benjamin Franklin, John Jay, Thomas Jefferson, James Madison, and George Washington. Adams, Jefferson, and Franklin were members of the Committee of Five that drafted the Declaration of Independence.
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