The Bank Act and the Currency (Classic Reprint)

Language: English

Published by Forgotten Books, 2024

1333453140 / 9781333453145

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Seller: Forgotten Books, London, United KingdomForgotten Books

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Print on Demand. This book features a debate on currency regulation between the author, a monetary critic, and Lord Overstone, a strong supporter of the Bank Act of 1844. The author argues that the Act, founded on the principle of regulating Britain's currency by the foreign exchange market, has caused immense damage and impoverishment through its creation of repeated crises and panics, such as those of 1847 and 1857. The author contrasts this with Overstone's belief that the system brings economic prosperity, pointing out Britain's immense economic growth during this period was driven by gold discoveries, free trade, and the railway system, not the Bank Act. This insightful book concludes that a steady and equable currency should not be regulated against the tides of other countries' currencies, and that the price of gold, the basis of Britain's currency, should be regulated instead. 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.…

Seller Inventory # 9781333453145_0

Title
The Bank Act and the Currency (Classic Reprint)
Author
Samuel Jones Loyd, Henry Brookes
Publisher
Forgotten Books
Publication year
2024
Condition
New
Book Type
print-on-demand item
Binding
Paperback
Language
English
ISBN 10
1333453140
ISBN 13
9781333453145
Seller catalogs
Economics

Forgotten Books

London, United Kingdom

5-star seller

AbeBooks seller since June 2, 2021

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Store description

Forgotten Books’ Classic Reprint Series utilizes the latest technology to regenerate facsimiles of historically important writings. Careful attention has been made to accurately preserve the original format of each page whilst digitally enhancing the quality of the aged text.

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Trade

Seller's business information

FB &c Ltd

Dalton House, 60 Windsor Avenue
London, United Kingdom SW19 2RR