1. Account for Pitt's success in restoring National fortunes in
... the large debt that the country had inherited, he decided to enforce the sinking fund. The sinking fund was in essence created to pay off the national debt, every year the government paid a certain amount into the fund and the interest from this fund would go forward to pay off the ... national debt. 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 ... year. Pitt setup a committee to watch over the sinking fund to make sure everything was running smoothly. Although the sinking fund was used to pay off the nationa...
- Word Count: 1288
- Approx Pages: 5
- Grade Level: High School