e British Government had borrowed heavily from British and Dutch bankers to finance the war, and as a consequence the national debt almost doubled from £75 million in 1754 to £133 million in 1763
http://www.tax.org/Museum/1756-1776.htm
yes, no, i don't know
That it left Britain with an enormous debt.
Great Britain
To have Great Britain Pay for it
The National Debt is set to surpass £2 trillion
yes, no, i don't know
That it left Britain with an enormous debt.
They were in a preceding conflict with France, causing Great Britain to be in War Debt, and they did not want to fight a war while still in debt.
After incurring heavy debt from wars with France including the Seven Years Wars and the French and Indian Wars, Britain decided to recoup its losses by setting up a mercantile system in its wealthy Atlantic coast colonies. Harsh tax laws like the Stamp and Townshend Acts drew a very negative response from colonists. These hostilities eventually led to the Thirteen Colonies War of Independence against Great Britain.
Great Britain
The massive debt that had built up during the Seven Years' War was a significant problem Grenville's policies were supposed to address. Grenville served as the Prime Minister of Great Britain.
To have Great Britain Pay for it
A debt will stay on your credit report for seven years after the date that you were originally delinquent on the account. After seven years, this debt is taken off of the account.
The Seven Years' war caused Britain to go into debt even though they won the war. The had to pay for damages and such. In order to cover their debts they dipped into the colonies and tightened taxes which are know as the Navigation Acts.
In 1875, Egypt found itself in debt. As a result it chose to sell its shares of the Suez Canal to Great Britain. The Suez Canal is strategic for trade and defense purposes.
The National Debt is set to surpass £2 trillion
The French and Indian war created the debt. The British expected that American colonists to repay it to Great Britain during the 1760's.