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Posted on Putting a Price on Loyalty: Mary Loring’s List of Losses
The Revolutionary War took a heavy toll on Great Britain. The Treaty of Paris in 1783 left it not just bereft of former colonies but militarily humiliated, politically divided, and financially straightened. The cost of the eight-year war had averaged £12 million per annum and left the Treasury with a national debt of £250 million.[1] […]
