Presidents
Ronald Regan
References
Background
- “The Seven Years War in 1763, known as the French Indian War in the United States, was undertaken in large part to protect the colonies from neighboring threats. The war proved to be very expensive, increasing the British government’s debt from less than 80 million in 1757 to 134 million in 1764. The annual interest on this debt amounted to nearly 5 million at a time when the government’s annual revenue was only about 9 million.” - Source