Year National Debt
1739 46,954,623
1748 78,293,313
1755 74,571,849
1762 146,682,844
1775 135,943,051
-Source: Sir John Sinclair, historian, The History of the Public Revenue of the British Empire, 1966
Which of the following was a direct effect of the large national debt shown in 1762?
Choose 1 answer:
Choose 1 answer:
(Choice A) the elimination of taxes for all British citizens
A
the elimination of taxes for all British citizens
(Choice B) the end of the Navigation Acts
B
the end of the Navigation Acts
(Choice C) the sale of the Northwest Territory
C
the sale of the Northwest Territory
(Choice D) the creation of new taxes on the American colonies
D
the creation of new taxes on the American colonies
1 answer
The correct answer is:
(Choice D) the creation of new taxes on the American colonies.
The large national debt in 1762 was a significant factor that led to the British government seeking new sources of revenue, which included imposing taxes on its American colonies. This was a critical issue that contributed to tensions leading up to the American Revolution.
