1. Account for Pitt's success in restoring National fortunes in
... during 1783 and 1793. When Pitt came into power he faced a mountain of problems, these varied from the national debt to smuggling. 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 new tariffs on incoming goods not only destroyed the profits of the smugglers but also increased the government's annual income by 47% higher than that in 1783. This was then accompanied by a £1.7million surplus that the exchequer did enjoy, something that was not there only a few years before....
- Word Count: 1288
- Approx Pages: 5
- Grade Level: High School