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wlad13 [49]
3 years ago
11

1. What caused Britain to have a huge amount of debt?

Social Studies
1 answer:
lara31 [8.8K]3 years ago
7 0

The history of the British national debt can be traced back to the reign of William III, who engaged a syndicate of City traders and merchants to offer for sale an issue of government debt, which evolved into the Bank of England. In 1815, at the end of the Napoleonic Wars, British government debt reached a peak of £1 billion.

hope this helps you!!!!!

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