Your question: Why was Britain in debt after the French and Indian War what was the result of Britain being in debt?

The British thought the colonists should help pay for the cost of their own protection. Furthermore, the French and Indian War had cost the British treasury £70,000,000 and doubled their national debt to £140,000,000. … Attempts to raise taxes in Great Britain had resulted in the famous cider riots.

What did the British do as a result of the debt from the French and Indian War?

The war nearly doubled the British national debt, from £75 million in 1756 to £133 million in 1763. Interest payments alone consumed over half the national budget, and the continuing military presence in North America was a constant drain. The Empire needed more revenue to replenish its dwindling coffers.

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Why was Britain in debt after the French and Indian War quizlet?

the problem was the british debt from french and the indian war supplies ship and soldiers were very expensive . some money had been raised by increasing taxes in great britain . the govt had to find a way to pay off the debt without taxing the british .

What caused British debt?

The costs of fighting a protracted war on several continents meant Britain’s national debt almost doubled from 1756 to 1763, and this financial pressure which Britain tried to alleviate through new taxation in the Thirteen Colonies helped cause the American Revolution.

How did Britain hope to solve its financial problems after the French and Indian War?

How did the British governemtn hope to solve its financial problems caused by the cost of the French and Indian War? The British hoped to solve their financial problems by strictly enforcing custom duties; raisin taxes on sugar and molasses and placing new yaxes on silk, wine, coffee, pimento, and indigo.

What problem did Britain have after the French and Indian War?

The conclusion of the french and indian war strained british and colonial relations due to issues of land acquisition such as the proclamation of 1763 and the Quebec act, political changes such as the end of salutary neglect and trivialization of existing colonial government, and economic burdens stemming from …

Why was Britain in debt quizlet?

France and Britain both suffered economically because of the war. The war nearly double Britain’s national debt. In order to pay off the debt, Britain had to impose new taxes on the colonies, which caused the colonies to despise Britain more and more, and eventually led up to the American revolution.

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How did the debt from the French and Indian War?

Furthermore, the French and Indian War had cost the British treasury £70,000,000 and doubled their national debt to £140,000,000. Compared to this staggering sum, the colonists’ debts were extremely light, as was their tax burden. … Attempts to raise taxes in Great Britain had resulted in the famous cider riots.

Why did the British pass the Royal Proclamation of 1763 after the French and Indian War?

The Proclamation of 1763 was issued by the British at the end of the French and Indian War to appease Native Americans by checking the encroachment of European settlers on their lands. … In the centuries since the proclamation, it has become one of the cornerstones of Native American law in the United States and Canada.

How did the French and Indian War affect the British economy?

British Economic Decline

The French and Indian War benefited Britain by greatly expanding its territory in the New World. However, the cost of the war was almost prohibitive, and by the end the British government faced bankruptcy. … It now needed desperately to recoup costs, which led to its taxing American colonists.

What did Great Britain gain from the French and Indian War?

British forces seized French Caribbean islands, Spanish Cuba, and the Philippines. … In the resulting Treaty of Paris (1763), Great Britain secured significant territorial gains, including all French territory east of the Mississippi river, as well as Spanish Florida, although the treaty returned Cuba to Spain.

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What did Britain lose as a result of the war?

The British had won the French and Indian War. They took control of the lands that had been claimed by France (see below). France lost its mainland possessions to North America. Britain now claimed all the land from the east coast of North America to the Mississippi River.

What did the British do to force the colonists to repay their war debt?

Britain also needed money to pay for its war debts. … They decided to require several kinds of taxes from the colonists to help pay for the French and Indian War. These taxes included the Stamp Act, passed in 1765, which required the use of special paper bearing an embossed tax stamp for all legal documents.

How did Britain attempt to pay for the debt resulting from the Seven Years War?

These tax stamps were issued as a result of the 1765 Stamp Act passed by the British Government to extract taxation from its American Colonies to contribute towards the cost of their defence from enemy forces during the Seven Years War.

How did British territory increase after the French and Indian War?

In the resulting Treaty of Paris (1763), Great Britain secured significant territorial gains in North America, including all French territory east of the Mississippi river, as well as Spanish Florida, although the treaty returned Cuba to Spain.