The new king, being Dutch, brought with him the commercial and theological wisdom for which his country was noted. The Bank of England was created; the national debt was made into a secure investment, no longer liable to repudiation at the caprice of the monarch. The Act of Toleration, while leaving Catholics and Nonconformists subject to various disabilities, put an end to actual persecution. Foreign policy became resolutely anti-French, and remained so, with brief intermissions, until the defeat of Napoleon.
