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Unformatted text preview: British government was not interfering, but enabling private enterprise. Bank of England William of Orange was king, but also a financier. He elevated the merchants to put them on a level playing field with the elite. He understood the importance of merchants (they bring goods to consumers). William can’t invade France, but he wants to limit their success. • He used England as a tool to counter the advance of France. As long as he maintains a good credit rating, William can do anything he wants. • He has a freedom of maneuverability....
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This note was uploaded on 11/18/2010 for the course ECO 327 taught by Professor Trinque during the Fall '10 term at University of Texas at Austin.
- Fall '10