Pitt and his successors Flashcards
When did Pitt enter the Commons?
He entered the commons in 1781 as an MP at the age of 21.
Why did the King appoint Pitt as PM?
To keep the ambitious Fox out of office.
What was Pitt’s initial government labelled as?
The Mince Pie administration as many believed it wouldn’t survive beyond Christmas due to a lack of support.
Why was there an election in 1784?
Pitt asked the King to call one due to the lack of support for Fox and saw it as a chance to gain a majority in Parliament.
What was the outcome of the 1784 election?
Pitt gained a majority and Fox saw 160 of his followers lose their seats in Parliament.
What was the level of national debt in 1783?
£240 million.
What did Pitt create to tackle national debt?
The Sinking Fund
What was the Sinking Fund?
A fund in which £1 million was made into a year from taxation to tackle debt. It was successful as a peacetime policy but failed in war time.
Mercantilism
The method of trade regulation which involved a large system of tariffs.
Indirect Taxes.
Taxes on everyday items such as windows, soap and candles
Consolidation Act of 1787
The removal of outdated and complex custom duties
The Hovering Act.
An act which enabled authorities to confiscate ships that were carrying smuggled goods.
What were the outcomes of Pitt’s reforms by 1793?
Government revenue had increased by £4 million and British were in a stronger position than France by the war
What treaties were made by Pitt?
One with Ireland was strongly opposed so a treaty was made with France to reduce duties on imports. Was successful shortly until the outbreak of the French Revolution in 1789.
Sinecure Offices
Positions with salary that were handed out to MP’s to gain their support that required very little or no work.