Stamp Act Term Paper Example | Topics and Well Written Essays - 2500 words

Stamp Act - Term Paper ExampleToday, Americans may bind forgotten this important period on their journey to freedom, but the fact remains that without Stamp Act, the American Sons of Liberty and other freedom-fighters may not hold in gotten an opportunity to launch attacks against their colonist.The British claimed victory in the Seven Years War (1756-1763) that was fought against the European powers of those days. It was a typical polarizing contend that pitted Great Britain, Prussia and a group of German states (small in size) against nations like Austria, France, Russia, Sweden, and Saxony that formed a staunch military alliance during that period (Morgan et al. 1995, 20-28). However, Britain has spent a lot on this war which seemed to have taken a huge toll on the colonists finances. Reportedly, British national debts had doubled by the time the war was concluded (Morgan et al.1995, 21). Apart from this issue, Britain also worried about how to source finances to keep so many s oldiers thathad fought in the war, many of whom have political associate to the parliament. The fears of not wishing to see the soldiers become jobless and not knowing how to fund their continued engagement had forced Britain to come up with a hostile method of financialThe British Parliament, in 1765 eventually came up with the Stamp Act to source funds to finance the continued existence of its military detail in North America by imposing taxes on printed materials, which include but not limited to newspapers, legal documents, magazines, and several other papers employ in the colonies (Morgan et al. 1995, 80-95). The general acceptance given to this Act by British two arms of Parliament (House of Lords and House of Commons) revealed that Great Britain had seen this Act as the ancestor to its crippling financial situation at that time (Murrin et al. 2007, 187). The Parliament did not perceive anything wrong in this approach as it deemed it the appropriate way to develop the mon ey to solve its