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
History of the Reign of King Henry VII History of the Reign of King Henry VII History of the Reign of King Henry VII is a 1622 work by the English writer Francis Bacon. It charts the reign of the first Tudor monarch Henry VII who took the throne from his rival Richard III in 1485. At the time of writing Bacon had recently fallen from political power, and completed the work in late 1621 and sent a copy to James I. It was published the following year. The book remains his only completed work of history. At the request of Charles, Prince of Wales he began work