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The Chancellor of the Exchequer ___, led Parliament in continuing to levy new taxes on the colonists.

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Answer:

Charles Townshend

Explanation: In 1767, William Pitt was returned to the office of Prime Minister, which should have been beneficial to the colonies. However, Pitt was ill and therefore ineffective. The new Chancellor of the Exchequer, Charles Townshend, would have the responsibility of dealing with the colonies. This development was not beneficial to the colonies. Townshend believed in mercantilism and therefore was more concerned with the economy of England than with the rights of the colonies. He believed that the colonists were not paying their fair share of the cost of their own defense.

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