SETTLING NORTH AMERICA 1497 1732
COLONIES OF FRANCE ENGLAND
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Britain went into debt to win the war and protect the colonies.
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France went into debt purchasing the Ohio River Valley.
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Native Americans lost money trying to defend the Ohio River Valley.
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Britain made money by selling weapons to the French and Native Americans.
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Detailed explanation-1: -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.
Detailed explanation-2: -The war provided Great Britain enormous territorial gains in North America, but disputes over subsequent frontier policy and paying the war’s expenses led to colonial discontent, and ultimately to the American Revolution.
Detailed explanation-3: -The British crown borrowed heavily from British and Dutch bankers to bankroll the war, doubling British national debt. King George II argued that since the French and Indian War benefited the colonists by securing their borders, they should contribute to paying down the war debt.
Detailed explanation-4: -The British Government was also interested in ending the war. The Seven Years’ War had been enormously expensive, and the Government had to finance the war with debt. Creditors were beginning to doubt Great Britain’s ability to pay back the loans it had floated on financial markets.