Independence Day (United States) Independence Day until 1962. In 1964, the name of the July 4 holiday was changed to Republic Day. Rebild National Park in Denmark is said to hold the largest July 4 celebrations outside of the United States. Independence Day (United States) Independence Day (colloquial: the Fourth of July) is a federal holiday in the United States commemorating the adoption of the Declaration of Independence on July 4, 1776. The Continental Congress declared that the thirteen American colonies regarded themselves as free and independent states, the United States of America, and were no longer connected to the British Crown. The Congress
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