USA HISTORY

Detailed explanation-1: -England’s Seven Years’ War (1756–1763) and its counterpart waged in America, the French and Indian War (1754–1763), doubled Britain’s national debt. In order to recoup some of the losses Britain incurred defending its American colonies, Parliament decided for the first time to tax the colonists directly.

Detailed explanation-2: -In an effort to raise funds to pay off debts and defend the vast new American territories won from the French in the Seven Years’ War (1756-1763), the British government passes the Stamp Act on March 22, 1765.

Detailed explanation-3: -THE BRITISH NATIONAL DEBT 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-4: -The reason why Parliament started taxing the colonists was because of the war debt resulting from the French and Indian War. The first tax, the tax on sugar, was imposed on the colonists to help pay off the debt.

Detailed explanation-5: -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.