To increase inflation, the British counterfeited money during the Revolutionary War.

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Social Studies

Baron Huber

29 January, 15:32

To increase inflation, the British counterfeited money during the Revolutionary War.

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Answers (2)

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Clarence Rollins · Answer 1

Answer: True

Pixie Stick · Answer 2

The answer is True.

At the end of the Seven Years War in 1763 (and the Franco-Indian War), the United Kingdom of Great Britain emerged triumphant against France in North America, but ended up heavily indebted. Taxes in England were already very high, so it was decided that American settlers should contribute more. The British Parliament then passed the March 1765 Stamp Act, which placed a direct tax on the colonies that formally began on November 1. The new tax angered American settlers, who argued that their "rights as English" meant that new taxes could not be levied on them because they had no representation in Parliament. At that time, in fact, many settlers rejected the representatives solution by claiming that their "local circumstances" made it impossible.