Why did Pitt want to reform finance and administration? Flashcards
Define national debt.
Servicing an ever-growing national debt was eating up an increasing proportion of government income. More and more tax revenue was being paid straight out of those who had invested in government bonds - one of the main means for raising revenue.
Why was Pitt’s reputation significant?
Pitt’s reputation was built upon a desire for a cheaper and more efficient government.
What was the general feeling around British government?
There was a strong feeling Britain should be more ‘moral’ and ‘pure’ and that this should be reflected in a more honest, less corrupt and less expensive administration.
Why was there so much anger at corruption and waste?
The eighteenth century had witnessed many overseas wars, payment for which necessitated heavy spending and increased levels taxation. The role of the state grew. What also grew was the perception that these important developments from the so-called ‘Glorious Revolution’ of 1689 increased government corruption.
Why was the American War significant?
More generally, there was pressure from the country, which saw the defeat in the American War of Independence (1776 to 1783) as an indication that British governments had been hopelessly ineffective.
How did Pitt’s previous experience help him?
Pitt was influenced by his time as Chancellor of the Exchequer under Shelburne, the Prime Minister from 1782 - 1783 who had ideas about modernising and improving finance and the government.
