History of the British national debt both government borrowing and the national debt have risen dramatically, reaching around 70% of GDP by the end of 2012. The origins of the British national debt can be found during the reign of William III, who engaged a syndicate of City traders and merchants to offer for sale an issue of government debt. This syndicate soon evolved into the Bank of England, eventually financing the wars of the Duke of Marlborough and later Imperial conquests. The establishment of the bank was devised by Charles Montagu, 1st Earl of Halifax, in 1694, to the plan which had been proposed by
The Short Reign of Pippin IV power as a constitutional monarch, the protagonist spends a portion of the novel dressing up as a commoner, often riding a motorscooter, to avoid the constrained life of a king. Pippin eventually receives his wish of dethronement after the people of France enact the rebellion Pippin's kingship was destined to receive. He returns to his home in Paris to find that nothing has really changed. The Short Reign of Pippin IV The Short Reign of Pippin IV: A Fabrication is a novel by John Steinbeck published in 1957; his only political satire, the book pokes fun at French politics. "Pippin