In Our Time cover image

The Glorious Revolution

In Our Time

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The War and the Moneyed Interest

The land tax, which is a swinging tax on a sale that England had never experienced before, underpins the war effort. People think they're dragging the war out to profit themselves at the cost of the aristocracy in gentry. It's a syndrome which is already becoming normalised if you like. The Bank of England is created by a group of financiers in 1694 as a scheme for loaning out money in order to finance the war efforts. Without that, there would have been major change, I think, in Britain.

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