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Britain also needed money to pay for its war debts. The King and Parliament believed they had the right to tax the colonies. They decided to require several kinds of taxes from the colonists to help pay for the French and Indian War.What did King George do in order to pay off some of the war debt?

After The Seven Years War, Britain was riddled with debt. The war costed £70,000,000 for the British, doubling its national debt to £140,000,000, equal to $7,900,000,000 today. In order to pay off the debt, Britain needed money, so the British passed a number of Acts that included taxes, many which targeted colonists.

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