THE AMERICAN REVOLUTION 1775 1783
AMERICAN REVOLUTION SOCIAL AND ECONOMIC IMPACT
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
|
Britain was in debt due to its war with Spain
|
|
|
Britain needed extra money to pay off mercenaries
|
|
|
Cash crops were needed in the colonies
|
|
|
War debt due to the French and Indian War
|
Detailed explanation-1: -British attempts to limit western expansion by colonists and inadvertent provocation of a major Indian war further angered the British subjects living in the American colonies. These disputes ultimately spurred colonial rebellion, which eventually developed into a full-scale war for independence.
Detailed explanation-2: -The war nearly doubled the British national debt, from £75 million in 1756 to £133 million in 1763.
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: -Following the French and Indian War, Britain implemented a series of taxes designed to raise money to pay the debt incurred because of the War. Each of these Acts were passed in Parliament without colonial consent nor representation.
Detailed explanation-5: -However, during World War I, the British government was forced to borrow heavily in order to finance the war effort. The national debt increased from £650m in 1914 to £7.4 billion in 1919. During World War II the government was again forced to borrow heavily in order to finance war with the Axis powers.