who do we owe?????????????
England incurred a lot of debt due to national expansion and involvement in wars.
it's national debt has decreased.
it's national debt has decreased.
The whiskey rebellion happened because George Washington had a national debt and taxed people on the whiskey to pay the debt.
Because of the French and Indian War
the national debt was something used to create national debt
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.
What was the national debt in 2003?
The Seven Years' War (1756-1763) caused a significant debt for England. To finance the war, England imposed various taxes on its American colonies, such as the Stamp Act and the Townshend Acts, which ultimately sparked outrage and contributed to the growing tensions leading up to the American Revolution.
The Sugar Act of 1764 was passed by the Parliament of Great Britain, in part, to cut down on smuggling between the West Indies and the American colonies and also to tighten England's grip on its empire. But mostly the Act was approved to raise money to pay England's national debt caused by the French and Indian War (1754-1763).
$350,000,000 in national debt