Iluvbertie
Imperial Majesty
- Joined
- Jun 29, 2004
- Messages
- 14,615
- City
- Bathurst
- Country
- Australia
You are giving too much credit to the Kings who were constitutional monarchs and not autocrats and thus it was the government which was responsible for the debt and for paying it back. The last of the autocrats in Britain was Charles I as Charles II owed his throne to the parliament that invited him back and definitely from William and Mary the government controlled the money. From George III the monarchs didn't get the income of the Crown Estates as that was traded away for the Civil List payments. That the earlier kings were more actively involved in the government of the day is not the same as saying that they had the authority to spend the nation's money - they didn't. In fact since 1660 the Chancellor of the Exchequor - or money-manager in Britian - (and the Treasurer in most Westminster Parliaments - NSW being an exception that I do know of) - must sit in the House of Commons. The monarch is not allowed to enter the House of Commons so that the control of the money and the monarch are separated from each other.
Queen Victoria didn't have to pay off the nation's debt personally but at her accession Britain was well on the way to becoming the first industrial power and thus was able, as the only producer of mass-produced goods, to export goods and technology. Trade was the main reason Britain was not a debtor nation at the end of Victoria's reign but for most of the 20th century has been.
Most countries today are in debt to another country or to its citizens or something.
Queen Victoria didn't have to pay off the nation's debt personally but at her accession Britain was well on the way to becoming the first industrial power and thus was able, as the only producer of mass-produced goods, to export goods and technology. Trade was the main reason Britain was not a debtor nation at the end of Victoria's reign but for most of the 20th century has been.
Most countries today are in debt to another country or to its citizens or something.
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