What was one economic effect of the French and Indian War on American colonists? A Many shipbuilders gained wealth as a result of supplying the military. B Many farmers lost money when the military raided their crop stores. C Many colonists gained greater wealth as the British lowered taxes. D Many colonists lost money as British troops drove them from their homes.

A Many shipbuilders gained wealth as a result of supplying the military.

Explanation:

The French and Indian war was a conflict in North America which saw the British, the British colonies and their Indian allies go against the French and their Indian allies between the years 1754 to 1763. It happened around the same time as the Seven Years war between European powers.

After William Pitt took over the war effort in North America and convinced Parliament to fund him unwaveringly, he was able to increase the Royal Navy's presence in North America partly due to contracts awarded to shipbuilders in the colonies to build ships. These increased the wealth of the shipbuilders and gave the Royal Navy superiority in the war which was used with devastating effect on the French.