Many young girls dream about being a princess. Few have their dreams become reality. Growing up, Kate Middleton was a good student and athlete. Now, at age 29, she is set to marry Prince William, 28, who is second in line to the British throne (see "Who Rules England?"). On April 29, William will make Kate the woman who may someday become Queen.The couple announced their engagement in November 2010. William gave Kate the engagement ring that was worn by his mother, Diana. Sadly, her fairy-tale marriage to Prince Charles did not have a happy ending. They divorced. Diana died in a car crash in 1997.A Nation Comes TogetherThere aren't many royal families in the world, which may explain why this event is such big news. In a recent poll of 2,000 British adults, 35% said they planned to watch the wedding on television. More than 1 billion people worldwide are expected to tune in. News organizations have converged on London. "Huge news stories come in many forms," says Helen Boaden, the director of BBC News. "You have moments when a nation comes together, and this is one of those moments."The families of the bride and groom are footing the bill for the wedding. But the cost of security for the event—estimated between $8 million and $33 million—will come from public funds. Modern fairy tales, it seems, are expensive affairs.Who Rules England?At one time, the Kings and Queens of England were powerful rulers. But the Reform Bill of 1832 moved the country toward a democratic system of government. Its current leader is Prime Minister David Cameron. The House of Commons operates much like the U.S. House of Representatives.The powers of Queen Elizabeth II, William's grandmother, are limited by law. The royal family performs mainly ceremonial duties. Still, Britain spends $66 million each year to support the royals. Counting unpaid taxes and security costs, the figure rises to $300 million. Critics say that is too much money. "The truth is that people aren't in love with the monarchy," says Graham Smith. He works for a group called Republic, which wants to replace the monarchy.Many young girls dream about being a princess. Few have their dreams become reality. Growing up, Kate Middleton was a good student and athlete. Now, at age 29, she is set to marry Prince William, 28, who is second in line to the British throne (see "Who Rules England?"). On April 29, William will make Kate the woman who may someday become Queen.The couple announced their engagement in November 2010. William gave Kate the engagement ring that was worn by his mother, Diana. Sadly, her fairy-tale marriage to Prince Charles did not have a happy ending. They divorced. Diana died in a car crash in 1997.A Nation Comes TogetherThere aren't many royal families in the world, which may explain why this event is such big news. In a recent poll of 2,000 British adults, 35% said they planned to watch the wedding on television. More than 1 billion people worldwide are expected to tune in. News organizations have converged on London. "Huge news stories come in many forms," says Helen Boaden, the director of BBC News. "You have moments when a nation comes together, and this is one of those moments."The families of the bride and groom are footing the bill for the wedding. But the cost of security for the event—estimated between $8 million and $33 million—will come from public funds. Modern fairy tales, it seems, are expensive affairs.Who Rules England?At one time, the Kings and Queens of England were powerful rulers. But the Reform Bill of 1832 moved the country toward a democratic system of government. Its current leader is Prime Minister David Cameron. The House of Commons operates much like the U.S. House of Representatives.The powers of Queen Elizabeth II, William's grandmother, are limited by law. The royal family performs mainly ceremonial duties. Still, Britain spends $66 million each year to support the royals. Counting unpaid taxes and security costs, the figure rises to $300 million. Critics say that is too much money. "The truth is that people aren't in love with the monarchy," says Graham Smith. He works for a group called Republic, which wants to replace the monarchy.BY ANDREA DELBANCO WITH TIME REPORTING BY EBEN HARRELL