Why Did King George III Lose His Power

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From my perspective Great Britain 's parliament, especially King George III never wanted to lose his power in the colonies because he knew that the new nation was very important for him in terms of economic and political aspect. Everyday economy industry and infrastructure was booming in the new nation. King knew that if he loses his power in the new nation, there would not be money anymore to the Britain 's government which I am assume most of Britain 's government income was for levying acts on the colonies. As the Britain 's empire was expanded in many places in the world, I believe a big part of his empire was in America. King George III did not want colonies to be separated so that in the future if any country goes war with Britain he

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