Sinking Fund and by 1793 the national debt had reduced by £10 million
2 of 9
Who did he mainly tax and how?
The rich through taxing popular items amongst the rich such as horses, wigs and windows
3 of 9
When did he introduce income tax?
1799
4 of 9
What 2 acts in 1784 reduced duties on tea and increased powers on smuggling?
Commutation Act and the Hovering Act 1784
5 of 9
What were reduced between 1785 to 1787 in an effort to boost trade?
Duties on nearly items
6 of 9
What was signed in 1786 that improved trade relations between France and Britain?
Eden Treaty, Items such as oil, vinegar, wine, pottery and textiles could be easily shared
7 of 9
Who heavily influenced Pitt's economic policies?
Adam Smith in 'The Wealth of Nations'
8 of 9
How did his financial reforms help Britain?
His financial reforms helped to increase annual government revenue from £12.7 million in 1783 to £18.6 million in 1792. This greatly helped in the fight
9 of 9
Other cards in this set
Card 2
Front
What did Pitt introduce in 1786?
Back
Sinking Fund and by 1793 the national debt had reduced by £10 million
Card 3
Front
Who did he mainly tax and how?
Back
Card 4
Front
When did he introduce income tax?
Back
Card 5
Front
What 2 acts in 1784 reduced duties on tea and increased powers on smuggling?
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