The U.S.<span> Congress </span>passes<span> the </span>Legal Tender Act<span>, authorizing the use of paper notes to pay the government's bills. ... The </span>Legal Tender Act<span> allowed the government to print $150 million in paper money that was not backed by a similar amount of gold and silver.</span>
<span>Parliament kept trying different ways of raising revenue from the colonies to finance the debts they incurred in recent years. They incurred a huge debt financing the Seven Year's War and were trying to get the colonies to help pay for it.</span>
The Treaty of Paris of 1763 was very much significant for the Americans as it formally ended the American Revolutionary War. In the terms of the treaty, France gave up all its territories in mainland North America, effectively ending any foreign military threat to the British colonies there.
After the treaty, The British acknowledged the independence of the United States and the colonial empire of Great Britain was destroyed in North America.
