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The British had barowed a lot of money from the British and Dutch bankers to finance for the war. It cost the British Empire millions of pounds. Because the war was so expensive and was fought largely in North America, the British government raised taxes on colonists. This sentiment was not shared by colonists, however, and it led to political disagreement and the American Revolution. While Britain won the war and expanded its territorial control across the world, the nation needed a way to pay its finances. Its colonies abroad, including those in North America, presented a politically favorable way of generating revenue. Taxes were thus imposed as a convenient way to increase the country's income.
"To contract new debts is not the way to pay old ones".