Clear, informed insight into Peel's 1844 Act and how it reshaped currency This book explains the origin of the act, the reasons behind its adoption, and the practical effects on the Bank of England’s note circulation. It also presents a detailed defense against notable critics and their competing ideas about money, banking, and policy.
The discussion traces the Act’s history from its beginnings to its intended protections for convertibility and financial stability. It surveys the debates among economists and policymakers, including Tooke, Fullarton, Wilson, and Danson, and explains why the reform mattered for merchants, bankers, and the public. The work emphasizes how the text interprets the Bank’s management of reserves, discounts, and note issues, and why these elements influenced prices and monetary stability.
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Seller: Forgotten Books, London, United Kingdom
Paperback. Condition: New. Print on Demand. This book explores the controversial Bank Charter Act of 1844, a pivotal moment in British economic history. The author delves into the origins, provisions, and impact of the Act, analyzing its effects on the British currency and banking system. The book examines the principles of monetary science as established by economists like Adam Smith and David Ricardo, then contrasts them with the new ideas proposed by figures like Tooke, Fullarton, and Wilson. The author analyzes the Act's intent to create a stable, convertible currency, arguing that the Act effectively maintained convertibility while promoting a more steady and resilient system, allowing for a greater degree of accommodation to commerce. The book explores the Actââ â¢s performance during periods of both economic boom and bust, demonstrating the effectiveness of its mechanism for regulating the circulation of money. By meticulously dissecting the Actââ â¢s impact through historical data and economic theory, the author offers profound insight into the complex relationship between government policy, banking practices, and national wealth. This book is a reproduction of an important historical work, digitally reconstructed using state-of-the-art technology to preserve the original format. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in the book. print-on-demand item. Seller Inventory # 9781332181513_0
Quantity: Over 20 available
Seller: PBShop.store US, Wood Dale, IL, U.S.A.
PAP. Condition: New. New Book. Shipped from UK. Established seller since 2000. Seller Inventory # LW-9781332181513
Seller: PBShop.store UK, Fairford, GLOS, United Kingdom
PAP. Condition: New. New Book. Shipped from UK. Established seller since 2000. Seller Inventory # LW-9781332181513
Quantity: 15 available
Seller: Buchpark, Trebbin, Germany
Condition: Sehr gut. Zustand: Sehr gut | Sprache: Englisch | Produktart: Bücher | Keine Beschreibung verfügbar. Seller Inventory # 26069473/2