Chapter 2 - Pitt and his successors Flashcards

1
Q

When was the national debt first set up?

A

1696

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2
Q

Why was the National debt first set up?

A

To meet the cost of the Continental Wars

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3
Q

Why did the national debt increase?

A

The government kept seeking further loans from the bank of England

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4
Q

What was the sinking fund?

A

A saving scheme used to pay off the National Debt, which had money from taxation paid into it

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5
Q

When was the Sinking Fund first introduced?

A

1716

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6
Q

When did William Pitt enter Parliament and at what age?

A

1781 aged 21

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7
Q

Who had been Prime Minister before 1782 (and was a favourite of King George III?)

A

Lord North

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8
Q

Who replaced Lord North?

A

Lord Rockingham

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9
Q

Who took over when Rockingham died unexpectedly?

A

Lord Shelburne

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10
Q

What coalition took power from Lord Shelburne?

A

One made up of Lord North and Charles Fox

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11
Q

What was Fox’s India Bill?

A

Introduced in November 1783, it was a serious attempt to solve the problem of British rule in India, but one which contained parts which would increase Fox’s influence

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12
Q

What happened with Fox’s India Bill?

A

It passed through Commons where he had support, but when the King threatened to make an enemy of any peer who voted for it it failed in Lords, leading to Fox and North’s dismissal

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13
Q

Why did George choose Pitt to be the Prime Minister?

A

Whilst he didn’t like him particularly, he wanted a Whig and he preferred him to the Rockingham & Shelburne Whigs

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14
Q

When was the Fox-North coalition defeated?

A

17th December 1783

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15
Q

When was Pitt appointed Prime Minister?

A

19th December 1783

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16
Q

Why was Pitt’s government weak at first?

A

He had no following in the Commons and a large majority opposition, meaning he had to fill his cabinet with members of the Lords, leaving him isolated

17
Q

Why was Pitt’s government nicknamed the ‘Mince Pie Administration?’

A

Because it was not expected to survive past Christmas

18
Q

Why was Fox furious with the King?

A

He had a majority, but the King refused the convention of inviting him to take office

19
Q

When did Pitt ask King George to call an election?

A

March 1784

20
Q

How did the King help Pitt win the 1784 election?

A

He called it 4 years early, provided Pitt with an election fund, and used influence in government-controlled boroughs

21
Q

How many supporters of Fox lost their seats in 1784?

A

About 160

22
Q

How did the King help Pitt in the House of Lords?

A

By creating new peers from the wealthy merchant classes of London, overwhelming the old Whig aristocracy

23
Q

What was the national debt in 1783?

A

£240 million, an all time high and 16 times higher than annual government revenue

24
Q

What were interest payments on the national debt in 1783?

A

£8 million per year

25
Q

How did Pitt intend to deal with the national Debt?

A

He set up a reformed Sinking Fund, into which he paid £1m from taxes annually

26
Q

Was the sinking fund a success?

A

Yes in peacetime, where it cut the national debt by £10 million, but not in wartime

27
Q

What did the Consolidation Act of 1787 do?

A

Simplified the customs system, reduced tariffs

28
Q

Other than the Sinking Fund, what economic reforms did Pitt introduce to Britain?

A

Trade and Customs reforms to benefit Free Trade, new taxes, commercial treaties

29
Q

When did Pitt sign a Free Trade Treaty with France?

A

1786

30
Q

What are some examples of new taxes Pitt introduced?

A

Indirect taxes such as taxes on ribbons, windows, coaches etc.

31
Q

What was the Hovering Act?

A

Introduced by Pitt to deter smugglers, enabled authorities to confiscate ships found to be carrying smuggled goods within four miles of land

32
Q

What was the general effect of Pitt’s trade reforms?

A

Discouraged smuggling, lowered tariffs and encouraged Free Trade

33
Q

How much had government revenue increased by in 1793?

A

£4 million per year

34
Q

How much had the value of imports and exports increased by in 1793?

A

The value had doubled

35
Q

What was a sinecure office?

A

A position with salary which required very little work, given to MPs to get their support

36
Q

What were some administrative changes Pitt made?

A

Abolished many sinecure offices, set up an Audit Office to reduce corruption, abolished free post for MPs, Government loans raised by public tenders and competitive, reorganised Cabinet

37
Q

When did Pitt resign and why?

A

1801 because George III refused to accept Catholic Emancipation

38
Q

When did Pitt die?

A

23rd January 1806

39
Q

Who were the 5 prime ministers after Pitt?

A

Addington, Pitt again, Grenville, Portland, Perceval