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Revolutionary Taxes and Tensions

Revolutionary Taxes and Tensions. a.k.a. how to pay for F&I War and wars in Europe by taking advantage of your colonies. Wartime Economics. 1760-1764 – markets in America are full of excess goods Bumper crop of tobacco = decrease in price by 75%

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Revolutionary Taxes and Tensions

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  1. Revolutionary Taxes and Tensions a.k.a. how to pay for F&I War and wars in Europe by taking advantage of your colonies

  2. Wartime Economics • 1760-1764 – markets in America are full of excess goods • Bumper crop of tobacco = decrease in price by 75% • Economic slump threatens the entire Atlantic credit structure • Business failures and bankruptcies everywhere

  3. How dependent was GB? • 1750-1770 – population of colonies doubles to 2,000,000 • Post 1745 – ½ of all British shipping was engaged in American Commerce • 1747-1765 – colonial exports to GB double • Increased prices = $ for colonial citizens • “Consumer revolution” = buying luxury goods from GB

  4. After the French and Indian War • War debt = $137 million pounds • Interest = $5 million pounds/year • Unstable government in British Isles • Significant dependence on the American colonies • GB has to make long-postponed decisions about the colony that will become the downfall of the Empire • Standing Army of 10,000 to deal with defense and administration of laws • How to pay for debt + cost of military presence

  5. “The Revolution was not only about home rule; it was also about who should rule at home” At issue is BOTH economic and political power!

  6. So, how do we deal with this situation? Force the colonies to pay!

  7. “This single stroke has lost Great Britain the affection of all her colonies”

  8. But, we still have a money problem! • Customs Duties • 1764 = $2,000 pounds/yr collected • 1766 = $45,000 • But, that’s only 1/10 of the cost of maintaining the army in America! • Charles Townshend…

  9. Ripple Effect… • 1767-68 – Parliament creates: • new Secretary of State for American Affairs • American Board of Customs • located in Boston, reports directly to Treasury • Feb. 1768 – MA governor dissolves the legislature • Mob violence, protests • “Paper war” – GB vs. the colonies • Sons of Liberty organize a nonimportation associations • By 1769-70, GB sales to North America are cut by 2/3! • 1770 – Parliament withdrew all duties except the tax on tea, left as a mark of supremacy of GB gov’t

  10. “We are now to establish our authority or give it up entirely” (Lord North, GB PM)

  11. the size of Quebec considerably increased to include the Great Lakes region.

  12. Who are we really mad AT?

  13. Your First Essay for HUSH Boston Stamp Act Riots Boston Massacre All by yourself… Three PS Take them home, follow directions, Write an essay that takes a side and uses the PS for evidence you’re right Typed, single spaced Due Tuesday @start of class • With a partner (if you want) • Two PS • In class, use them to write a newspaper story about this incident. • Use the PS for reference and evidence • Practice citing PS in your writing • Hand-written • Due Friday @ end of class

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