Got Money? How Did the British Government Raise Revenues After the French and Indian War?

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Got Money? How Did the British Government Raise Revenues After the French and Indian War? ££££££££

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The French and Indian War nearly doubled Britain's national debt.

Transcript of Got Money? How Did the British Government Raise Revenues After the French and Indian War?

Page 1: Got Money? How Did the British Government Raise Revenues After the French and Indian War?

Got Money?

How Did the British Government Raise Revenues After the French and Indian War?

££££££££

Page 2: Got Money? How Did the British Government Raise Revenues After the French and Indian War?

• The British gov’t borrowed heavily from British and Dutch bankers to finance the French and Indian War.

Page 3: Got Money? How Did the British Government Raise Revenues After the French and Indian War?

• The French and Indian War nearly doubled Britain's national debt.

1754 1763£0

£20,000,000£40,000,000£60,000,000£80,000,000

£100,000,000£120,000,000£140,000,000£160,000,000

British Debt 1754-1763

British Debt in £ (Pounds)

Page 4: Got Money? How Did the British Government Raise Revenues After the French and Indian War?

• The British gov’t, seeking sources of revenue to pay off the debt, attempted to impose new taxes on its colonies.

Tea

Sugar

Paper

Quartering Troops

Page 5: Got Money? How Did the British Government Raise Revenues After the French and Indian War?

• These attempts were met with stiff resistance, until troops were called in so that representatives of the gov’t could safely perform their duties.

Page 6: Got Money? How Did the British Government Raise Revenues After the French and Indian War?

• These acts ultimately led to the start of the American Revolutionary War.