USA HISTORY

Detailed explanation-1: -The war had been enormously expensive, and the British government’s attempts to impose taxes on colonists to help cover these expenses resulted in increasing colonial resentment of British attempts to expand imperial authority in the colonies.

Detailed explanation-2: -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.

Detailed explanation-3: -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-4: -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-5: -The British victory in the French and Indian War had a great impact on the British Empire. Firstly, it meant a great expansion of British territorial claims in the New World. But the cost of the war had greatly enlarged Britain’s debt.