The Panic of 1866 With Its Lessons on the Currency Act (Classic Reprint)

Language: English

Published by Forgotten Books, 2018

1332329055 / 9781332329052

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Seller: Forgotten Books, London, United KingdomForgotten Books

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Print on Demand. This book delves into the financial crisis of 1866, a pivotal moment in British economic history. The author meticulously analyzes the panic that gripped London, examining the impact on banks, the government, and ordinary citizens. The book delves into the causes of the panic and its consequences, tracing the events that led to the suspension of the Bank Charter Act, a law designed to regulate currency and prevent such crises. The author also explores the broader context of the crisis, contrasting the instability of the British financial system with the composure of its French counterpart. This comparison highlights the vulnerability of the British system to sudden economic shocks, and underscores the need for a more resilient and stable financial framework. The book goes beyond merely describing the events of 1866, engaging with the underlying issues of currency management and the changing role of banks in the economy. The author explores the intricate relationship between currency supply, interest rates, and the expansion of commercial capital. This in-depth exploration of the 1866 crisis offers valuable insights into the challenges of managing a rapidly evolving financial landscape, and ultimately raises important questions about the need for a more flexible and responsive monetary system. 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 # 9781332329052_0

Title
The Panic of 1866 With Its Lessons on the Currency Act (Classic Reprint)
Author
Robert Baxter
Publisher
Forgotten Books
Publication year
2018
Condition
New
Book Type
print-on-demand item
Binding
Paperback
Language
English
ISBN 10
1332329055
ISBN 13
9781332329052
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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FB &c Ltd

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London, United Kingdom SW19 2RR