In 1816, the net public debt of the UK reached 240 per cent of gross domestic product. This was the fiscal legacy of 125 years of war against France. What economic disaster followed this crushing burden of debt? The industrial revolution.
1816年,英國(guó)凈公共債務(wù)與國(guó)內(nèi)生產(chǎn)總值(GDP)的比率達(dá)到240%。這是英法之間長(zhǎng)達(dá)125年的戰(zhàn)爭(zhēng)留下的財(cái)政遺產(chǎn)。這種極其沉重的債務(wù)負(fù)擔(dān)導(dǎo)致了什么樣的經(jīng)濟(jì)災(zāi)難?答案是工業(yè)革命。
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