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How Far Did Pitt’s Policies Meet Britain’s Economic and Political Requirements Between 1783 and 1792? Essay

  • Submitted by: ShekinahTabitha1
  • on November 18, 2013
  • Category: History
  • Length: 1,425 words

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Below is an essay on "How Far Did Pitt’s Policies Meet Britain’s Economic and Political Requirements Between 1783 and 1792?" from Anti Essays, your source for research papers, essays, and term paper examples.

HOW FAR DID PITT’S POLICIES MEET BRITAIN’S ECONOMIC AND POLITICAL REQUIREMENTS BETWEEN 1783 AND 1792? Britain underwent considerable political and economic (and social) change in the period from 1793. It began with a major war; in 1783 Britain lost the American War of Independence, which caused the loss in confidence in the British Government. In political terms Britain was a constitutional monarchy in 1783, where the monarch George III, could exercise considerable political influence. With such power the King helped to put William Pitt into power as Prime Minister, in December 1783. The disastrous American War of Independence had drained the country’s finances and so Britain was in crisis when Pitt came into power, the value of exports declined, the National Debt had risen dramatically to £242 million by 1784. Many historians believed that Pitt was a ‘financial genius’, who should have been praised for achieving national revival after the War of Independence, which I agree, however others argued that Pitt was only efficient rather than innovative because the economy was strong and so Pitt owed a lot to others. Firstly, Pitt responded well to Britain’s financial crisis and managed to revive the economy by changing many economic policies and financial policies. After the American War of Independence, the state finance was dire the national debt had risen to £242 million in 1784. Pitt had to think about how to cut expenditures, whilst raising taxes to meet the deficit; this was however unpopular due to losing the war. Also pitt was keen to create a new more efficient system of collecting tax. This was to be the key to his success as Prime Minister and his financial policies revealed his genius. His taxation policies were generally successful, as the amount of tax reaching the treasury had improved dramatically, even doubled. In 1974, Pitt the younger introduced 2 measures aimed at cutting the growing smuggling trade. Smuggling had become a highly profitable business...

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MLA Citation

"How Far Did Pitt’s Policies Meet Britain’s Economic and Political Requirements Between 1783 and 1792?". Anti Essays. 13 Dec. 2018

<http://snehaedu.com/free-essays/How-Far-Did-Pitt-s-Policies-Meet-547039.html>

APA Citation

How Far Did Pitt’s Policies Meet Britain’s Economic and Political Requirements Between 1783 and 1792?. Anti Essays. Retrieved December 13, 2018, from the World Wide Web: http://snehaedu.com/free-essays/How-Far-Did-Pitt-s-Policies-Meet-547039.html