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Joseph Kaminski

History, Sociology, & More

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July 27, 2017

John Hancock

The History of America: The Initial Rejection of an Empire

The end of the war for empire showed the powerhouse of Britain that debt wasn’t just a fictional plague. It was indeed a reality, and the Royal Government of Britain was over 122 million pounds of sterling silver in debt. Quite a large amount; this was a good sixty percent of all British revenues. Similar to how the French Revolution started, Britain had a large population that was paying more taxes than people that could actually afford it. Eight million people in Britain were being overloaded with new taxes, and the Treaty of Paris hastily demobilized large parts of the Royal Military so that the government wouldn’t have had to pay for soldiers they no longer needed.