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:
“Results are what you expect, and consequences are what you get.”
—schoolgirl’s definition, quoted in Ladies’ Home Journal (New York, Jan. 1942)
“The consequences of our actions grab us by the scruff of our necks, quite indifferent to our claim that we have “gotten better” in the meantime.”
—Friedrich Nietzsche (1844–1900)
“Without being forgiven, released from the consequences of what we have done, our capacity to act would ... be confined to one single deed from which we could never recover; we would remain the victims of its consequences forever, not unlike the sorcerer’s apprentice who lacked the magic formula to break the spell.”
—Hannah Arendt (1906–1975)