Industrialisation and the people 1783-1885

Pitts reforms Pitt gained support from the middle classes but lost the support of the upper class, who held the power in parliament which lead to his later resignation out of office. The national debt: almost as upset as me me when mrs Ell left :( ·       Debt was especially high during times of war ·       Expensive war against America settled in 1783 ·       All time high debt of £240 million  ·       Most of the government’s revenue was being used to pay the £8 million a month interest on the debt, debt was x16s the governments revenue  ·       Reforms: 1.       Introduced the sinking fund into which he paid £1 million a year from taxes 2.       Cut the national debt by £10 million 3.       Restored national confidence  4.       Failure as a war-time policy, as money wasn’t being spent fighting to win the war Trade: just Blame it on CHINE-A ·       Outdated tariff system was restricting the development of trade and industry (mercantilism, go

Includes: Key people: William Pitt and George 3rd  Key events: Glorious revolution and loss of American colonies Key concepts: Democracy and structure  William Pitt: 12 years old on a good day ·       He was a prominent British Tory statesman in the late 18 th and early 19 th who helped secure England during turbulent times ·       He was the youngest PM in 1785 at the age of 24 he re-entered office in 1804, he had excellent administrative and financial skills and great political skills ·       He campaigned for a new ministry to be formed to remove some of the corruption and inequality in politics ·       He identified 36 rotten boroughs (a place that isn’t represented) and tried to have them removed, failed due to HOL having self-interest  ·       His government worked to restore public finances which was strained by the cost of the American War of Independence through a new tax system and the ·       In 1786, he established the sinking fund to pay off