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During the Napoleonic Wars, the national debt of the United Kingdom was as high as 200% of GDP. Any nation trying to borrow that much now is unthinkable. How did the United Kingdom retain the ability to borrow so much, especially in the face of such a protracted war?
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Why do we view Socrates as an old man?
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During the Napoleonic Wars, the national debt of the United Kingdom was as high as 200% of GDP. Any nation trying to borrow that much now is unthinkable. How did the United Kingdom retain the ability to borrow so much, especially in the face of such a protracted war?
282
AskHistorians
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10
9
8
7
6
5
4
3
2
1
0
Why do we view Socrates as an old man?
0
AskHistorians
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10
9
8
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6
5
4
3
2
1
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