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The Principles and Practical Operation of Sir Robert Peel's Bill of 1844: Explained and Defended Against the Objections of Tooke, Fullarton and Wilson (Classic Reprint) - Softcover

 
9781332181513: The Principles and Practical Operation of Sir Robert Peel's Bill of 1844: Explained and Defended Against the Objections of Tooke, Fullarton and Wilson (Classic Reprint)

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Excerpt from The Principles and Practical Operation of Sir Robert Peel's Bill of 1844: Explained and Defended Against the Objections of Tooke, Fullarton and Wilson

B 2of securing the convertibility of the currency. The proof Of their utter incapacity for the performance of this func tion reached the culminating point in 1839. The scarcely credible extent of their mismanagement is well described by Mr Tooke, in the third volume of his History of Prices.

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ISBN 10: 1332181511 ISBN 13: 9781332181513
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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

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