The British Didn't Tax America to Pay Their Debt
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Taxes were obviously a pretty big part of the American Revolution- but why? Well, the popular conception often cites the insane amounts of debt the British found themselves in after the Seven Years War. They had fought a massive war to secure America- and now, it was time for the Americans to pay their fair share of the bill! But in this video, I explain why this was far from the case- as not a single penny of American money went towards paying British debts!
Timestamps:
Intro: 00:00
Imperial Finances: 02:00
Sponsor: 04:45
Defending the Empire: 06:59
The Cost of Empire: 14:31
Conclusion: 18:26
The sources and websites used in this video:
The cost of maintaining the army, and financial statistics,
- "The Glorious Cause: The American Revolution, 1763-1789" by Robert Middlekauff
Troop counts in the British Empire,
- https://www.americanrevolution.org/britisharmy1.php
Expected and real revenues of the Stamp Act,
- http://www.stamp-act-history.com/stamp-act/stamp-act-of-1765/#:~:text=The%20total%20amount%20raised%20was,shipped%20to%20America%5B3%5D
The interest rate of British debt,
- https://tontinecoffeehouse.com/2020/05/18/britains-sinking-fund/#:~:text=However%2C%20make%20no%20mistake%20about%20it%2C%20Britain%20was,of%20100%25%20of%20British%20GDP%20at%20the%20time
American colonies population stats,
- https://www.encyclopedia.com/history/encyclopedias-almanacs-transcripts-and-maps/populations-great-britain-and-america
- https://historyincharts.com/the-largest-cities-in-the-american-colonies-in-1775/
...and the size of the American colonies,
- https://www.nam.ac.uk/explore/american-war-independence-outbreak#:~:text=13%20colonies&text=From%20Massachusetts%20in%20the%20north,kilometres%20(430%2C000%20square%20miles).
And finally, the quote from Benjamin Franklin,
- https://www.masshist.org/database/viewer.php?item_id=251&mode=large&img_step=4&pid=2#page4
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