dec 21, 1815 - England in major debt
Description:
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 (that was more than 200% of GDP).Added to timeline:
Date:
dec 21, 1815
Now
~ 210 years ago