Spending reduction and tax reduction
<span>On 14 May 1607, the London Company established the Jamestown Settlement about 40 miles inland along the James River, a major tributary of the Chesapeake Bay in present-day Virginia. The future of the settlement at Jamestown was precarious for its first 5 years.</span>
The French and Indian War began in 1754 and ended with the Treaty of Paris in 1763. The Great Britain gained territories in the North American, but disputes about policies and paying war's expenses led to colonial discontent. Taxation was created to pay back the debts. Stamp Act, Tea Act and Townsend Act were introduced. This ultimately led to the American Revolution.
