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 for gold. Great Britain would continue to use paper money for over two decades. Pitt was also forced to introduce Great Britain's first ever income tax. The new tax helped offset losses in indirect tax revenue, which had been caused by a decline in trade. In May 1798, the long simmering unrest in Ireland exploded into outright rebellion with the United Irishmen Society launching a revolt to win independence for Ireland. Pitt took an extremely repressive approach to the United Irishmen with the Crown executing about 1, 500 United Irishmen after the revolt. The United Irishmen revolt of 1798 destroyed