1. Account for Pitt's success in restoring National fortunes in
The national debt in 1783 was £243 million, before the American wars the debt was £160 million, quite clearly the national debt had increased greatly due to the American wars. ... After the loss of the American colonies the country was experiencing a lack of confidence, economically and militarily. ... This idea was not Pitt's as he had copied the ideas of Richard Price neither was this new, it had been attempted before but with minimal success as often the fund was raided to finance wars and such. ... This was then accompanied by a £1.7million surplus that the excheq...
- Word Count: 1288
- Approx Pages: 5
- Grade Level: High School