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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The costs of fighting a war on two continents had a great impact on the wealth of the nation
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King George III spent all the money on his palaces
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The costs of keeping the French soldiers in America had a great impact on the wealth of the nation
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The war of 1812 depleted the banks in England
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Detailed explanation-1: -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-2: -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-3: -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-4: -They were faced with several problems. First, there were conflicting claims over the Ohio area between Pennsylvania and Virginia. Second, decisions had to be made whether and what lands had to be set aside for sale, for farming, and for hunting and trapping.