William Pitt the Younger however, was comfortable with Shelburne, and thus joined his government; he was appointed Chancellor of the Exchequer. Fox, who became Pitt's lifelong political rival, then joined a coalition with Lord North, with whom he collaborated to bring about the defeat of the Shelburne administration. When Lord Shelburne resigned in 1783, King George III, who despised Fox, offered to appoint Pitt to the office of prime minister. But Pitt wisely declined, for he knew he would be incapable of securing the support of the House of Commons. The Fox–North coalition rose to power in a government nominally headed by William Cavendish-Bentinck,
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