Which famous British establishment was founded in 1694 by William Patterson?
History of the British national debt both government borrowing and the national debt have risen dramatically, reaching around 70% of GDP by the end of 2012. The origins of the British national debt can be found during the reign of William III, who engaged a syndicate of City traders and merchants to offer for sale an issue of government debt. This syndicate soon evolved into the Bank of England, eventually financing the wars of the Duke of Marlborough and later Imperial conquests. The establishment of the bank was devised by Charles Montagu, 1st Earl of Halifax, in 1694, to the plan which had been proposed by
HMY William & Mary (1694) HMY William & Mary (1694) HM Yacht "William and Mary" was a royal yacht of the Kingdom of Great Britain, named after the joint monarchs who ruled between 1689 and 1694. She was launched in 1694 and completely rebuilt in 1765. In all, she remained in service for over a century before being sold in 1801. King William III and his wife Queen Mary II ordered her built in February 1693. She was designed and built by Robert Lee, a Master Shipwright at Chatham Dockyard and launched in September 1694. "William and Mary", like other Royal yachts, was generally used