How Did The Stamp Act Affect The Economy Of The Colonies

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It’s the year 1766. A lot has changed for my family and me since March 22, 1765. We survived the French Indian War from 1754-1763. We thought we could get back to the usual hardships of everyday lives. But in March of 1765, my parents started talking about the new tax that King George III, the King of Great Britain, imposed on the colonist. It was called the Stamp Act. It imposed a tax on all paper documents in the colonies. Everyone was taking sides. The two most vocal groups in the colonies were the loyalists and the patriots. Did the British have the right to tax the colonist just to raise money to pay for the French Indian War, or did the colonist have a right to fair representation in Parliament? So much has happened since then. …show more content…
Peters, the owner of the local mercantile store. He sided with the patriots. He started talking about how over a year had passed since the Stamp Act was imposed on March 22, 1765. He had lost so much business because of this new tax. It seems to tax everything; newspapers, pamphlets, bills, legal documents, almanacs, dice and playing cards. The list seemed endless to him. He said, “How was a man to earn a living, when no one could afford to buy his merchandise because of this new tax?” He liked the article written by Benjamin Franklin on November 7, 1765, for the Pennsylvania Gazette. It showed a picture of the tax man hanging from a tree. That’s what he felt like doing to every tax man that knocked on his door. He said “All those people that protested and destroyed the homes of the stamp masters that worked for Great Britain were right.” He said, “We fought alongside the British during the French Indian War. The British already impose a trade tax on us. James Otis was right; the British had no right to tax us if we couldn’t elect representatives to parliament. Taxation without representation is tyranny!” He got so upset while talking, his face turned bright red. My friend and I covered our mouths to keep from laughing out

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