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 British national output remained strong and the well-organized business sector channeled products into what the military needed. Britain used its economic power to expand the Royal Navy, doubling the number of frigates and increasing the number of large ships of the line by 50%, while increasing the roster of sailors from 15,000 to 133,000 in eight years after the war began in 1793. France, meanwhile, saw its navy shrink by more than half. The system of smuggling finished products into the continent undermined French efforts to ruin the British economy by cutting off markets. By 1814, the budget that Pitt