Why did the British repeal the Stamp Act after multiple protests and boycotts?

The British wanted to make the American colonists happy.
THe British wanted to increase taxes on other items imported from Britain
The British wanted to pass another higher tax on paper documents
The Britisheconomy suffered due to the decrease of colonists buying British goods

1 answer

The correct reason for the repeal of the Stamp Act is primarily that the British economy suffered due to the decrease of colonists buying British goods. The widespread protests and boycotts in the American colonies significantly impacted British merchants and manufacturers, who were losing sales as a result of the colonial resistance to the tax. This economic pressure, combined with strong opposition from the colonists and the realization that the act was unmanageable and unpopular, led the British government to repeal the Stamp Act in 1766.