The British had depleted all of its financial resources to defeat the French during the French and Indian War, “she [Great Britain] was left with a debt of £137 million, over half of the budget going towards interest payments, and a garrison force in America, which cost £384,000 a year to maintain.” Parliament needed to find a way to offset this significant debt and replenish its national treasury. Thus, Great Britain exercised its power through taxes. Numerous acts were imposed on the colonists to restore the funds lost during the war. The Sugar Act, or the Revenue Act, was passed by Parliament on April 5,
The British had depleted all of its financial resources to defeat the French during the French and Indian War, “she [Great Britain] was left with a debt of £137 million, over half of the budget going towards interest payments, and a garrison force in America, which cost £384,000 a year to maintain.” Parliament needed to find a way to offset this significant debt and replenish its national treasury. Thus, Great Britain exercised its power through taxes. Numerous acts were imposed on the colonists to restore the funds lost during the war. The Sugar Act, or the Revenue Act, was passed by Parliament on April 5,