History of the United States House of Representatives representatives of twelve of Great Britain's seventeen North American colonies, in the autumn of 1774. The Continental Congress sent a list of grievances to King George III. When the King failed to respond, and the American Revolutionary War began in April 1775, the Second Continental Congress was convened—this time with thirteen colonies in attendance. A year later, on 4 July 1776, the Continental Congress declared the thirteen colonies free and independent states, referring to them as the "united States of America." This was not a formal name, however, so "united" was not capitalized in the Declaration of Independence, "States" being
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