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

Robert Baxter

ISBN 10: 1332329055 / ISBN 13: 9781332329052

Published by Forgotten Books, 2018

About this Item

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

Bibliographic Details

• Title: The Panic of 1866 With Its Lessons on the Currency Act (Classic Reprint)
• Publisher: Forgotten Books
• Publication Date: 2018
• Language: English
• ISBN 10: 1332329055
• ISBN 13: 9781332329052
• Binding: Paperback
• Condition: New
• Book Type: print-on-demand item
• Seller catalogs:
  • Economics

About this title

Synopsis

Excerpt from The Panic of 1866 With Its Lessons on the Currency Act



About the Publisher

Forgotten Books publishes hundreds of thousands of rare and classic books.

This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works. This text has been digitally restored from a historical edition. Some errors may persist, however we consider it worth publishing due to the work's historical value.
The digital edition of all books may be viewed on our website before purchase.

Product Description

Excerpt from The Panic of 1866 With Its Lessons on the Currency Act Panics, however painful, have their value. Whilst they arouse by their alarms, they excite reflection, and compel those who would otherwise float thoughtlessly down the stream of incessant occupation, to pause and inquire what part of the machinery of our Financial system has given way, and whether some serious modification is not necessary. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.