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The direct/indirect distinction is minorly anachronistic. As Bernard Bailyn discusses at length, the colonists denounced the Stamp Act (1765) as an internal tax, claiming that Parliament only had the right to levy external taxes. External taxes affected international trade, whereas internal taxes affected colonial affairs—and because the colonists had no ...


Using Measuring worth and the initial values supplied by @WladimirPalant: The harm to British Interests: In 2011 £14 million using UK average earnings inflation In 2011 £91 million using share of UK GDP inflation The losses to the nascent US economy (using 1774 base year, 1773 and earlier unavailable). Using 6s to the dollar: In 2013 $1 million using ...

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