History of the British national debt History of the British national debt The history of the British national debt can be traced back to the reign of William III, who engaged a syndicate of City traders and merchants to offer for sale an issue of government debt, which evolved into the Bank of England. In 1815, at the end of the Napoleonic Wars, British government debt reached a peak of £1 billion (that was more than 200% of GDP). At the beginning of the 20th century the national debt had been gradually reduced to around 30 percent of GDP. However, during World War I the British
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