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Bagehot
Walter Bagehot ( ; 3 February 1826 – 24 March 1877) was an English journalist, businessman, and essayist, who wrote extensively about government, economics, literature and race. He is known for co-founding the ''National Review'' in 1855, and for his works ''The English Constitution'' and '' Lombard Street: A Description of the Money Market'' (1873). Life Bagehot was born in Langport, Somerset, England, on 3 February 1826. His father, Thomas Watson Bagehot, was managing director and vice-chairman of Stuckey's Bank. He attended University College London (UCL), where he studied mathematics and, in 1848, earned a master's degree in moral philosophy. Bagehot was called to the bar by Lincoln's Inn, but preferred to join his father in 1852 in his family's shipping and banking business. In 1858, Bagehot married Elizabeth (Eliza) Wilson (1832–1921), whose father, James Wilson, was the founder and owner of ''The Economist''. The couple were happily married until Bagehot's untim ...
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Bagehot - Lombard Street, 1873 - 5747415
Walter Bagehot ( ; 3 February 1826 – 24 March 1877) was an English journalist, businessman, and essayist, who wrote extensively about government, economics, literature and race. He is known for co-founding the '' National Review'' in 1855, and for his works ''The English Constitution'' and '' Lombard Street: A Description of the Money Market'' (1873). Life Bagehot was born in Langport, Somerset, England, on 3 February 1826. His father, Thomas Watson Bagehot, was managing director and vice-chairman of Stuckey's Bank. He attended University College London (UCL), where he studied mathematics and, in 1848, earned a master's degree in moral philosophy. Bagehot was called to the bar by Lincoln's Inn, but preferred to join his father in 1852 in his family's shipping and banking business. In 1858, Bagehot married Elizabeth (Eliza) Wilson (1832–1921), whose father, James Wilson, was the founder and owner of ''The Economist''. The couple were happily married until Bagehot's un ...
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The English Constitution
''The English Constitution'' is a book by Walter Bagehot. First serialised in ''The Fortnightly Review'' between 15 May 1865 and 1 January 1867, and later published in book form in 1867, it explores the constitution of the United Kingdom—specifically the functioning of Parliament and the British monarchy—and the contrasts between British and American government. The book became a standard work which was translated into several languages. While Walter Bagehot's references to the Parliament of the United Kingdom have become dated, his observations on the monarchy are seen as central to the understanding of the principles of constitutional monarchy. Summary Bagehot began his book by saying, in effect: do not be fooled by constitutional theories (the ‘paper description’) and formal institutional continuities (‘connected outward sameness’) – concentrate instead on the real centres of power and the practical working of the political system (‘living reality’). He ...
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Central Bank
A central bank, reserve bank, or monetary authority is an institution that manages the currency and monetary policy of a country or monetary union, and oversees their commercial banking system. In contrast to a commercial bank, a central bank possesses a monopoly on increasing the monetary base. Most central banks also have supervisory and regulatory powers to ensure the stability of member institutions, to prevent bank runs, and to discourage reckless or fraudulent behavior by member banks. Central banks in most developed nations are institutionally independent from political interference. Still, limited control by the executive and legislative bodies exists. Activities of central banks Functions of a central bank usually include: * Monetary policy: by setting the official interest rate and controlling the money supply; *Financial stability: acting as a government's banker and as the bankers' bank ("lender of last resort"); * Reserve management: managing a country's ...
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Constitution Of The United Kingdom
The constitution of the United Kingdom or British constitution comprises the written and unwritten arrangements that establish the United Kingdom of Great Britain and Northern Ireland as a political body. Unlike in most countries, no attempt has been made to codify such arrangements into a single document, thus it is known as an uncodified constitution. This enables the constitution to be easily changed as no provisions are formally entrenched; the Supreme Court of the United Kingdom recognises that there are constitutional principles, including parliamentary sovereignty, the rule of law, democracy, and upholding international law. The Supreme Court also recognises that some Acts of Parliament have special constitutional status, and are therefore part of the constitution. These include Magna Carta, which in 1215 required the King to call a "common counsel" (now called Parliament) to represent people, to hold courts in a fixed place, to guarantee fair trials, to guarantee f ...
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James Wilson (UK Politician)
James Wilson (3 June 1805 – 11 August 1860) was a Scottish businessman, economist, and Liberal politician who founded ''The Economist'' weekly and the Chartered Bank of India, Australia and China, which merged with Standard Bank in 1969 to form Standard Chartered.''James Wilson'' by Ruth Dudley Edwards in Oxford DNB He was the first Finance Member of the Viceroy's Executive Council from December 1859 until his death in August 1860. Sent there to put order into the chaos that followed the "Sepoy Mutiny" of 1857, he presented India's first budget, and was responsible for the government accounting system, Pay Office, and audit, apart from government paper currency, Indian Police, a Military Finance Commission, and a Civil Finance Commission. Early life Wilson was born in Hawick in the Scottish Borders. His Quaker father William Wilson owned a hat manufactury, and his ancestors were local sheep farmers. He was the fourth of fifteen children, of whom ten reached adulthood. Hi ...
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The Economist
''The Economist'' is a British weekly newspaper printed in demitab format and published digitally. It focuses on current affairs, international business, politics, technology, and culture. Based in London, the newspaper is owned by The Economist Group, with its core editorial offices in the United States, as well as across major cities in continental Europe, Asia, and the Middle East. In 2019, its average global print circulation was over 909,476; this, combined with its digital presence, runs to over 1.6 million. Across its social media platforms, it reaches an audience of 35 million, as of 2016. The newspaper has a prominent focus on data journalism and interpretive analysis over original reporting, to both criticism and acclaim. Founded in 1843, ''The Economist'' was first circulated by Scottish economist James Wilson to muster support for abolishing the British Corn Laws (1815–1846), a system of import tariffs. Over time, the newspaper's coverage expanded further into ...
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Langport
Langport is a small town and civil parish in Somerset, England, west of Somerton in the South Somerset district. The parish, which covers only part of the town, has a population of 1,081. Langport is contiguous with Huish Episcopi, a separate parish that includes much of the town's outskirts. History Langport (old forms are "Langeberga" and "Langeport") consists of two parts, one on the hill and one by the River Parrett. The former owed its origin to its defensible position, and the latter its growth to its facilities for trade on the chief river of Somerset. Eilert Ekwall translates it as "long town" or "long market". Its name looks like Anglo-Saxon for "long port", but it may be "long market place" that could have been on the causeway that is now Bow Street. Many of the houses in Bow Street tilt backwards due to settlement of the land behind the causeway. It is speculated that Langport is the place mentioned in old Welsh sources as "Llongborth" = "Ship-port", the site of the ...
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National Review (1855)
The ''National Review'' was a quarterly British magazine published between 1855 and 1864. The magazine was founded and joint-edited by journalists Walter Bagehot and Richard Holt Hutton. It published one of the first reviews of Charles Darwin's ''Origin of Species'', by William Benjamin Carpenter William Benjamin Carpenter CB FRS (29 October 1813 – 19 November 1885) was an English physician, invertebrate zoologist and physiologist. He was instrumental in the early stages of the unified University of London. Life Carpenter was born ....Darwin on the Origin of Species.
''National Review'' 10: December 1859 188-214


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United Kingdom
The United Kingdom of Great Britain and Northern Ireland, commonly known as the United Kingdom (UK) or Britain, is a country in Europe, off the north-western coast of the continental mainland. It comprises England, Scotland, Wales and Northern Ireland. The United Kingdom includes the island of Great Britain, the north-eastern part of the island of Ireland, and many smaller islands within the British Isles. Northern Ireland shares a land border with the Republic of Ireland; otherwise, the United Kingdom is surrounded by the Atlantic Ocean, the North Sea, the English Channel, the Celtic Sea and the Irish Sea. The total area of the United Kingdom is , with an estimated 2020 population of more than 67 million people. The United Kingdom has evolved from a series of annexations, unions and separations of constituent countries over several hundred years. The Treaty of Union between the Kingdom of England (which included Wales, annexed in 1542) and the Kingdom of Scotland in 170 ...
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Richard Holt Hutton
Richard Holt Hutton (2 June 1826 – 9 September 1897) was an English journalist of literature and religion. Life and work The son of Joseph Hutton, a Unitarian minister, Richard Holt Hutton was born at Leeds. His family moved to London in 1835, and he was educated at University College School and University College London, where he began a lifelong friendship with Walter Bagehot, whose works he later edited. He took his degree in 1845, and was awarded the gold medal for philosophy. Meanwhile, he had also studied for short periods at Heidelberg and Berlin, and in 1847 he entered Manchester New College with the idea of becoming a minister like his father, and studied there under James Martineau. He was not, however, called on by any church, and for some time his future was unsettled. In 1851, he married his cousin, Anne Roscoe, and became joint-editor with John Langton Sanford of the ''Inquirer'', the main Unitarian periodical. His innovations and unconventional views ab ...
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Reform Act Of 1867
The Representation of the People Act 1867, 30 & 31 Vict. c. 102 (known as the Reform Act 1867 or the Second Reform Act) was a piece of British legislation that enfranchised part of the urban male working class in England and Wales for the first time. It took effect in stages over the next two years, culminating in full commencement on 1 January 1869. Before the Act, only one million of the seven million adult men in England and Wales could vote; the Act immediately doubled that number. Further, by the end of 1868 all male heads of household could vote, having abolished the widespread mechanism of the deemed rentpayer or ratepayer being a superior lessor or landlord who would act as middleman for those monies paid ("compounding"). The Act introduced a near-negligible redistribution of seats, far short of the urbanisation and population growth since 1832. The overall intent was to help the Conservative Party, Benjamin Disraeli expecting a reward for his sudden and sweeping backin ...
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Stuckey's Bank
Parr's Bank Limited was a bank that existed from 1782 to 1918. It was founded as Parr & Co. in Warrington, then in the county of Lancashire in the United Kingdom. In 1918 it was acquired by London County and Westminster Bank, and it was thus one of the predecessors of NatWest Group. History Writing in 1905, William Howarth described Parr's as "one of the great amalgamating banks in the country" and "a power in the financial world". The bank's history dates back to the late eighteenth century, with a possible starting date of 1782. The first partnership was with Joseph Parr, a sugar boiler, his brother-in-law Matthew Lyon, and Walter Kerfoot, a solicitor. Partnership names changed and the firm was variously known as Parr & Co, and Parr, Lyon; more colloquially it was known as The Warrington Bank.T E Gregory, ''The Westminster Bank, through a century'', Vol. II, (1936) Parr's remained essentially a local bank with offices in Warrington, Runcorn and St Helens until 1865 when i ...
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