History of the United Kingdom First British Empire. With the defeat by the United States, France and Spain in the War of American Independence, Britain lost its 13 American colonies and rebuilt a Second British Empire based in Asia and Africa. As a result, British culture, and its technological, political, constitutional, and linguistic influence, became worldwide. Politically, the central event was the French Revolution and its Napoleonic aftermath from 1793 to 1815, which British elites saw as a profound threat, and worked energetically to form multiple coalitions that finally defeated Napoleon in 1815. The Tories, who came to power in 1783, remained in power (with
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