THE AMERICAN REVOLUTION 1775 1783
THE DECLARATION OF INDEPENDENCE TEXT SIGNERS AND LEGACY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Supplies for the English military
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French and Indian War
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Spanish and Indian War
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None of the above
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Detailed explanation-1: -Ultimately most of the war was footed by the English back home (Notes). Britain surmised that the best way to raise funds for their arrearage would be to exact taxes. Few if any taxes raised substantial sums of money. Taxes were imposed both internally and externally to accumulate funds to pay for the war.
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: -During the war, huge sums of British currency had flooded into the colonies, and many not killed in the war, or in conflicts with natives, had done rather well. It appeared to the British government that a few new taxes to pay for their garrison should be easily absorbed.