Before the marine chronometer was invented, Latitude could be found quite accurately with celestial navigation and older instruments like the astrolabe. However, longitude could only be estimated, because an accurate determination of longitude is made by comparing time differences.
Older clocks could lose upto 10 minutes a day, which meant a possible daily error in ship’s position of at least 150 miles! The determination of Longtitude was such a problem that the ‘Longitude Prize’ was offered by the British government in 1714, when an Act of Parliament was passed for this purpose. A total prize of 20000 GBP, a huge sum in those days, was offered to anybody who could calculate longitude within a 30 mile accuracy.