The nation that funded their national debt and greatly increased their borrowing power was

Question

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England was the nation that greatly increased their borrowing power by funding their national debt. This was done through the creation of government bonds, which were sold to investors domestically and internationally, allowing for a significant increase in borrowing capacity. This allowed England to finance wars and other ventures, leading to the growth of their empire.  The other options, while powerful nations in their own right, did not play as significant a role in the development of government debt and borrowing power as England did.

The Nation That Funded Their National Debt and Greatly Increased