HOLLOW VICTORY? BRITAIN’S PUBLIC DEBT AND THE SEVEN YEARS’ WAR
This article addresses the implications of the cost of warfare and the debt burdens that typically arise from conflicts. It examines how much Britain’s public debt rose during and after the Seven Years’ War and the implications of this growth. While it considers the various reasons for the dramatic...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
Economic & Business History Society
2011-06-01
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| Series: | Essays in Economic and Business History |
| Online Access: | http://ebhsoc.org/journal/index.php/ebhs/article/view/215 |
| _version_ | 1818496204918489088 |
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| author | Jari Eloranta Jeremy Land |
| author_facet | Jari Eloranta Jeremy Land |
| author_sort | Jari Eloranta |
| collection | DOAJ |
| description | This article addresses the implications of the cost of warfare and the debt burdens that typically arise from conflicts. It examines how much Britain’s public debt rose during and after the Seven Years’ War and the implications of this growth. While it considers the various reasons for the dramatic rise, the primary focus is military spending. The addition of the North American continent as a major theater of war created the need for higher spending and helped double the national debt from the pre-war total. As with modern economic issues, contemporary discussion of the debt crisis became a normal talking point in letters and political debates. Ultimately, this article supports the argument that the Seven Years’ War contributed to the American Revolution via the unexpected fiscal pressures on Great Britain. |
| first_indexed | 2024-12-10T18:30:27Z |
| format | Article |
| id | doaj.art-3f64a8ac0d4f4d7aac86a7d59a3ead93 |
| institution | Directory Open Access Journal |
| issn | 0896-226X |
| language | English |
| last_indexed | 2024-12-10T18:30:27Z |
| publishDate | 2011-06-01 |
| publisher | Economic & Business History Society |
| record_format | Article |
| series | Essays in Economic and Business History |
| spelling | doaj.art-3f64a8ac0d4f4d7aac86a7d59a3ead932022-12-22T01:37:58ZengEconomic & Business History SocietyEssays in Economic and Business History0896-226X2011-06-01291HOLLOW VICTORY? BRITAIN’S PUBLIC DEBT AND THE SEVEN YEARS’ WARJari ElorantaJeremy LandThis article addresses the implications of the cost of warfare and the debt burdens that typically arise from conflicts. It examines how much Britain’s public debt rose during and after the Seven Years’ War and the implications of this growth. While it considers the various reasons for the dramatic rise, the primary focus is military spending. The addition of the North American continent as a major theater of war created the need for higher spending and helped double the national debt from the pre-war total. As with modern economic issues, contemporary discussion of the debt crisis became a normal talking point in letters and political debates. Ultimately, this article supports the argument that the Seven Years’ War contributed to the American Revolution via the unexpected fiscal pressures on Great Britain.http://ebhsoc.org/journal/index.php/ebhs/article/view/215 |
| spellingShingle | Jari Eloranta Jeremy Land HOLLOW VICTORY? BRITAIN’S PUBLIC DEBT AND THE SEVEN YEARS’ WAR Essays in Economic and Business History |
| title | HOLLOW VICTORY? BRITAIN’S PUBLIC DEBT AND THE SEVEN YEARS’ WAR |
| title_full | HOLLOW VICTORY? BRITAIN’S PUBLIC DEBT AND THE SEVEN YEARS’ WAR |
| title_fullStr | HOLLOW VICTORY? BRITAIN’S PUBLIC DEBT AND THE SEVEN YEARS’ WAR |
| title_full_unstemmed | HOLLOW VICTORY? BRITAIN’S PUBLIC DEBT AND THE SEVEN YEARS’ WAR |
| title_short | HOLLOW VICTORY? BRITAIN’S PUBLIC DEBT AND THE SEVEN YEARS’ WAR |
| title_sort | hollow victory britain s public debt and the seven years war |
| url | http://ebhsoc.org/journal/index.php/ebhs/article/view/215 |
| work_keys_str_mv | AT jarieloranta hollowvictorybritainspublicdebtandthesevenyearswar AT jeremyland hollowvictorybritainspublicdebtandthesevenyearswar |