USA HISTORY

Detailed explanation-1: -Great Britain’s newly enlarged empire meant a greater financial burden, and the mushrooming debt from the war was a major cause of concern. The war nearly doubled the British national debt, from £75 million in 1756 to £133 million in 1763.

Detailed explanation-2: -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-3: -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. The stamp tax was levied for just those reasons.

Detailed explanation-4: -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.

Detailed explanation-5: -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.