Question

1. What caused Britain to have a huge amount of debt?

2. What was the first tax put on the colonists in 1864?
3. What was the next tax placed on the colonists that required a special stamp on all paper products?
4. What is it called when the colonies were given the freedom to rule themselves?
5. The Townshend Acts placed taxes on what types of products? (List 5)
6. What was the name of the event where British soldiers fired on colonists who were throwing snowballs, rocks
and oyster shells at them?
7. What event caused the British to punish the colonists severely?
8. Fifty-six delegates from 12 colonies gathered and met in Philadelphia at the __________ _______________
______________.
9. Across colonies, these ______________________________- stood ready to fight in a minutes notice for the beginning of the war for independence.
10. In what city did “The Shot Heard Around The World” take place, marking the start of the American Revolution?
11. Who was voted in as leader for the newly established Continental Army?
12. Thomas Paine wrote a pamphlet called “Common Sense”, which advocated for _________ _______________
from Great Britain.

Answer 1

The history of the British national debt can be traced back to the reign of William III, who engaged a syndicate of City traders and merchants to offer for sale an issue of government debt, which evolved into the Bank of England. In 1815, at the end of the Napoleonic Wars, British government debt reached a peak of £1 billion.

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