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The Great War for Empire, or French and Indian War (1754–1763), effectively ended in 1759 with the fall of Quebec to the British forces. The consequences of the war, however, lingered on for years. Some of those consequences were fiscal: the war had cost a lot of money. The British government had effectively doubled the nation’s debt to win their victory over the French. At the war’s conclusion, the burning question in the minds of King George III’s government was, how was that debt to be repaid?