The document summarizes the key events of the French and Indian War (1756-1763), also known as the Seven Years' War, which was fought between the British and French colonies in North America over control of the Ohio Valley. The war resulted in a British victory and the Treaty of Paris in 1763, in which France ceded its North American territories to Britain. However, the war greatly increased Britain's national debt and its policies towards the colonies after the war frustrated the colonists and contributed to growing tensions that would later erupt in the American Revolutionary War.