NAKARAJAN

 STAMP DUTY -IMPOSED ON AMERICA  ON 1755 NOVEMBER 1  FOR MILITARY EXPENSES  OBJECTED GREATLY -REPEALED 1766 Background[edit] The British victory in the Seven Years' War (1756–1763), known in America as the French and Indian War, had been won only at a great financial cost. During the war, the British national debt increased more than four fold, rising from £72,289,673 (equal to £10.1 billion today) to almost £329,586,789 by 1764 (equal to £42 billion today).[7] Post-war expenses were expected to remain high because the Bute ministry decided in early 1763 to keep ten thousand British regular soldiers in the American colonies, which would cost about £225,000 per year, equal to £30 million today.[8]  The primary reason for retaining such a large force was that demobilizing the army would put 1,500 officers out of work, many of whom were well-connected in Parliament.[9] This made it politically prudent to retain a large peacetime establishment, but...

 STAMP DUTY -IMPOSED ON AMERICA  ON 1755 NOVEMBER 1  FOR MILITARY EXPENSES  OBJECTED GREATLY -REPEALED 1766 Background[edit] The British victory in the Seven Years' War (1756–1763), known in America as the French and Indian War, had been won only at a great financial cost. During the war, the British national debt increased more than four fold, rising from £72,289,673 (equal to £10.1 billion today) to almost £329,586,789 by 1764 (equal to £42 billion today).[7] Post-war expenses were expected to remain high because the Bute ministry decided in early 1763 to keep ten thousand British regular soldiers in the American colonies, which would cost about £225,000 per year, equal to £30 million today.[8]  The primary reason for retaining such a large force was that demobilizing the army would put 1,500 officers out of work, many of whom were well-connected in Parliament.[9] This made it politically prudent to retain a large peacetime establishment, but...