The British government increased the national debt from $75 million to $133 million by borrowing from ________ and British bankers.

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14-04-2022
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The British government increased the national debt from $75 million to $133 million by borrowing from ________ and British bankers.

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Tundexi Tundexi · Answer 1 · 2022-04-28T10:48:28+02:00

The British government borrowed from the Dutch and British bankers and this increase its national debt from $75 million to $133 million.

What is a national debt?

This means the total amount of all debts owed by the government of a country.

These debt are used to service infrastructure, cater expenditure when there are insufficient revenue to cater for such.

Therefore, the British government borrowed from the Dutch and British bankers.