THE ROAD TO REVOLUTION 1700 1774
THE FRENCH AND INDIAN WAR CAUSES EFFECTS SUMMARY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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They end up with much debt due to expenses incurred with the war.
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The colonists decide to never move into the Ohio River Valley territory.
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They decide they need to become better friends with the Native Americans living in the Ohio River Valley region.
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They decide to build many forts in this new territory to protect British colonists moving there.
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Detailed explanation-1: -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-2: -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-3: -Britain incurred 715, 000 military deaths (with more than twice that number wounded), the destruction of 3.6% of its human capital, 10% of its domestic and 24% of its overseas assets, and spent well over 25% of its GDP on the war effort between 1915 and 1918 (Broadberry and Harrison, 2005).
Detailed explanation-4: -The debt was to be paid off in 50 annual repayments commencing in 1950. Some of these loans were only paid off in the early 21st century. On 31 December 2006, Britain made a final payment of about $83m (£45.5m) and thereby discharged the last of its war loans from the US.