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!!!!!
Farmers grew angry and desperate.
During WW1 -> Farmers worked hard to produce crops and livestock.
When prices fell they tried to produce even more to pay their debts, taxes and living expenses.
In the early 1930s prices dropped so low that many farmers went bankrupt and lost their farms.
