ENGLISH

Politics, Finance, and the People

Book information

Year
2007
ISBN
0230526209, 9780230526204, 9780230211032
LCC
HC254.5 .R43 2007
Open Library ID
OL10194502M
Language
english
Format
PDF
Filesize
944 kB (966184 bytes)
Edition
First Edition
Pages
288\287
Topic
Economy
Orientation
yes
Scanned
no
Time added
2011-06-04 13:46:07

Description

In December 1779, charges of political corruption and the cost of the American War unleashed a political and popular movement in Britain called ‘economic reform.’ It began as a political struggle between the Crown and the Opposition parties, which was supported by a powerful surge of public opinion. The initial objective of the Opposition was to reduce the ‘influence of the Crown’ – the honors, patronage, contracts, and other benefits used by the King and his ministers to strengthen their political support in Parliament and elections. In mid-course, economical reform shifted to an emphasis on better management of the finances – improved collection of the revenue, recovering balances held by offices of tax collection and expenditure, reform of accounts and audit, abolition of sinecures and fees, and establishment of a systematic process of debt reduction. The investigations and reforms of the 1780’s were the crucial first step in the long-term reform of administrative structure.

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