Consequences
England's crushing defeat by France, the dominant naval power, in naval engagements culminating in the 1690 Battle of Beachy Head, became the catalyst to Britain rebuilding itself as a global power. England had no choice but to build a powerful navy; as there were no funds available, in 1694 a private institution, the Bank of England, was set up to supply money to the King. £1.2m was raised in twelve days; half of this was used to rebuild the Navy.
As a side-effect, the huge industrial effort needed started to transform the economy, from iron works making nails to agriculture feeding the quadrupled strength of the Royal Navy. This helped the new United Kingdom – England and Scotland were united in 1707 – to become prosperous and powerful. Together with the power of the navy, this made Britain the dominant world power in the late eighteenth and early nineteenth centuries while France remained the world dominant military power during this Napoleonic period, particularly on the continent.
Read more about this topic: Battle Of Beachy Head (1690)
Famous quotes containing the word consequences:
“The middle years are ones in which children increasingly face conflicts on their own,... One of the truths to be faced by parents during this period is that they cannot do the work of living and relating for their children. They can be sounding boards and they can probe with the children the consequences of alternative actions.”
—Dorothy H. Cohen (20th century)
“War is thus divine in itself, since it is a law of the world. War is divine through its consequences of a supernatural nature which are as much general as particular.... War is divine in the mysterious glory that surrounds it and in the no less inexplicable attraction that draws us to it.... War is divine by the manner in which it breaks out.”
—Joseph De Maistre (1753–1821)
“Results are what you expect, and consequences are what you get.”
—schoolgirl’s definition, quoted in Ladies’ Home Journal (New York, Jan. 1942)