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Great Britain was left with financial disaster following the Seven Year War. To raise money following the war they tried to impose high taxes on the colonies. This was done through the taxes charged on goods that were being shipped to the colonies. Without representation in the British Parliament Great Britain felt that this was the perfect plan.
What else can I help you with?
Which conflict created the debt that American colonists were expected to repay to Great Britain during the 1760's?
The French and Indian war created the debt. The British expected that American colonists to repay it to Great Britain during the 1760's.
Why did Britain abandon its policy of salutary neglect after the french and Indian war?
England needed money to pay debt England needed money to pay debt
How did Britain want to raise money after the French and Indian War?
Parliment raised taxes after the war because they had a huge war debt they had to pay off. Therefore the riased taxes had an increase in tax revenue.
Did the Soviet Union repay World War 2 debt to the US?
no they hated them
What did england want the colonist to pay?
After the French and Indian War (1754-1763), Britain had accumulated a massive debt. In order to offset this debt, Britain decided to tax the colonies, stating that the colonies owed them money for their protection during the wars.
Britain looked to the colonies as a source of revenue because it wanted?
To repay a large debt :)
Which conflict created the debt that American colonists were expected to repay to Great Britain during the 1760's?
The French and Indian war created the debt. The British expected that American colonists to repay it to Great Britain during the 1760's.
What happens when you owe a bank money and are unable to repay the debt?
When you owe a bank money and are unable to repay the debt, the bank may take legal action to recover the money, such as seizing assets or taking you to court. This can negatively impact your credit score and financial future.
If you have credit debt and that institution files bankruptcy do you still have to repay?
Yes. The bankrupt institution will pass your debt to its creditors that it owed money to.
Why did Britain abandon its policy of salutary neglect after the french and Indian war?
England needed money to pay debt England needed money to pay debt
Did george the third had good reasons for deciding to raise money by taxing the colonist?
Well England aka gret Britain had debt for the french and Indian war
What happens if you can't repay a personal loan?
It depends on the situation. In many cases they can take you to court and get a judgement against you. That would allow the bank or other institution to seize your property ( house, cars, etc.) and sell them to raise money to repay the debt. They could also garnish your paychecks.
What was the quickest way for farmers to repay debt?
Sell their crop and pay with the money they earned from the selling.
What were some problems under the articles of confederation?
no tax policy
What is the difference between debt and loan?
Debt is money owed by one party to another, while a loan is a specific type of debt where one party borrows money from another with an agreement to repay it with interest.
Is targeted to borrowers with low credit scores high debt to income ratios or signs of a reduced ability to repay money they borrow?
A _____ is targeted to borrowers with low credit scores, high debt-to-income ratios or signs of a reduced ability to repay the money they borrow
What is targeted to borrowers with low credit scores high debt to income ratios or signs of a reduced ability to repay the money they borrow?
A _____ is targeted to borrowers with low credit scores, high debt-to-income ratios or signs of a reduced ability to repay the money they borrow
