Pitt Street, George Town have lived here for centuries. Pitt Street was named after William Pitt the Younger, who was the Prime Minister of Great Britain between 1783 and 1801. When Captain Francis Light founded Penang Island in 1786, he renamed the island the "Prince of Wales Island" in honour of the Prince of Wales, the new settlement of George Town after King George III and the first street within the settlement after himself. Worried that Prime Minister William Pitt may have felt offended as nothing was named after him, Light felt compelled to name Pitt Street after him. Pitt Street, created soon after
William Pitt the Younger years." Pitt was an expert in finance and served as Chancellor of the Exchequer. Critical to his success in confronting Napoleon was using Britain's superior economic resources. He was able to mobilize the nation's industrial and financial resources and apply them to defeating France. With a population of 16 million, Britain was barely half the size of France, which had a population of 30 million. In terms of soldiers, however, the French numerical advantage was offset by British subsidies that paid for a large proportion of the Austrian and Russian soldiers, peaking at about 450,000 in 1813. Most important, the