Respect for your elder and of superior station
The two primary reasons the colonists gave for not wanting to declare their independence were 1) that they would be going up against the greatest military in the world (Britain), and that 2) they would loose their military protection.
The significance of the Magna Carta was that D) It gave certain rights to English nobility that the King had to respect.
Answer:
Even though Great Britian defeated France and its allies, the victory came at great cost. In January 1763, Great Britain's national debt was more than 122 million pounds [the British monetary unit], an enormous sum for the time. Interest on the debt was more than 4.4 million pounds a year.
