What were the social, political, and economic impacts of the declaration of independence

The Declaration of Independence was important politically because it stated that the thirteen British colonies in North America should become their own nation. The Declaration of Independence also states basic freedoms such as life, liberty and the pursuit of happiness--other nations seeking their freedom from an imperial power have modeled their own views after our own. The Declaration of Independence was also important politically in that no one was sure how our revolution would end.