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Peel's Bill
Peel's Bill, or the Resumption of Cash Payments Act 1819 ( 59 Geo. 3. c. 49) was an act of the Parliament of the United Kingdom that marked the return of the British currency to the gold standard, after the Bank Restriction Act 1797 ( 37 Geo. 3. c. 45) saw paper money replacing convertibility to gold and silver under the financial pressures of the French Revolutionary Wars. Controversial in its passing, Peel's Bill generated debate and conflict over the decades that followed. Antecedents The debate over the return to the gold standard dated back at least to the Bullion Report of 1810, whose recommendations of a return to cash payments within two years were hotly opposed by, among others, Nicholas Vansittart on both theoretical and practical grounds. While the principle of a return to gold became broadly accepted, its implementation was repeatedly postponed, until in 1819 public outrage forced the establishment of a committee to review the matter, chaired by Sir Robert Peel. In ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
59 Geo
59 may refer to: * 59 (number) * one of the years 59 BC, AD 59, 1959, 2059 * ''59'' (album), by Puffy AmiYumi * 59 (golf), a round of 59 in golf * "Fifty Nine", a song by Karma to Burn from the album ''Arch Stanton'', 2014 * 59 Skipton–Harrogate The Harrogate Bus Company 59 is a bus route operated by Harrogate Bus Company, which runs between Harrogate and Skipton in North Yorkshire, England. History Prior to the introduction of the 59, the X59 operated between Harrogate and Skipton. In ..., a bus route in England * 59 Elpis, a main-belt asteroid {{Numberdis ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
William Cobbett
William Cobbett (9 March 1763 – 18 June 1835) was an English pamphleteer, journalist, politician, and farmer born in Farnham, Surrey. He was one of an Agrarianism, agrarian faction seeking to reform Parliament, abolish "rotten boroughs", restrain foreign activity, and raise wages, with the goal of easing poverty among farm labourers and small land holders. Cobbett backed lower taxes, saving, reversing commons enclosures and returning to the gold standard. He opposed borough-mongers, Sinecure, sinecurists, bureaucratic "tax-eaters" and stockbrokers. His radicalism furthered the Reform Act 1832 and gained him one of two newly created seats in Parliament for the borough of Oldham (UK Parliament constituency), Oldham. His polemics range from political reform to religion, including Catholic emancipation. His best known book is ''Rural Rides'' (1830, in print). He argued against Malthusianism, saying economic betterment could support global population growth. Early life (1763–1791) ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
History Of Banking
The history of banking began with the first prototype banks, that is, the merchants of the world, who gave grain loans to farmers and traders who carried goods between cities. This was around 2000 BCE in Assyria, India and Sumer. Later, in ancient Greece and during the Roman Empire, lenders based in temples gave loans, while accepting Deposit account, deposits and performing the Bureau de change, change of money. Archaeology from this period in History of China#Ancient China, ancient China and history of India, India also show evidences of Loan, money lending. Many scholars trace the historical roots of the modern banking system to medieval and Renaissance Italy#Early Modern, Italy, particularly the affluent cities of Florence, Venice and Genoa. The Bardi family, Bardi and Peruzzi families dominated banking in 14th century Florence, establishing branches in many other parts of Europe.Noble Foster Hoggson, Hoggson, N. F. (1926) ''Banking Through the Ages'', New York, Dodd, Mea ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Gold
Gold is a chemical element; it has chemical symbol Au (from Latin ) and atomic number 79. In its pure form, it is a brightness, bright, slightly orange-yellow, dense, soft, malleable, and ductile metal. Chemically, gold is a transition metal, a group 11 element, and one of the noble metals. It is one of the least reactivity (chemistry), reactive chemical elements, being the second-lowest in the reactivity series. It is solid under standard temperature and pressure, standard conditions. Gold often occurs in free elemental (native state (metallurgy), native state), as gold nugget, nuggets or grains, in rock (geology), rocks, vein (geology), veins, and alluvial deposits. It occurs in a solid solution series with the native element silver (as in electrum), naturally alloyed with other metals like copper and palladium, and mineral inclusions such as within pyrite. Less commonly, it occurs in minerals as gold compounds, often with tellurium (gold tellurides). Gold is resistant to ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Gold Standard
A gold standard is a backed currency, monetary system in which the standard economics, economic unit of account is based on a fixed quantity of gold. The gold standard was the basis for the international monetary system from the 1870s to the early 1920s, and from the late 1920s to 1932 as well as from 1944 until 1971 when the United States unilaterally terminated convertibility of the US dollar to gold, effectively ending the Bretton Woods system. Many states nonetheless hold substantial gold reserves. Historically, the silver standard and bimetallism have been more common than the gold standard. The shift to an international monetary system based on a gold standard reflected accident, network externalities, and path dependence. Great Britain accidentally adopted a ''de facto'' gold standard in 1717 when Isaac Newton, then-master of the Royal Mint, set the exchange rate of silver to gold too low, thus causing silver coins to go out of circulation. As Great Britain became the w ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Unintended Consequences
In the social sciences, unintended consequences (sometimes unanticipated consequences or unforeseen consequences, more colloquially called knock-on effects) are outcomes of a purposeful action that are not intended or foreseen. The term was popularized in the 20th century by American sociologist Robert K. Merton. and later used to prevent erosion in earthworks, has become a major problem in the Southeastern United States. Kudzu has displaced native plants and has effectively taken over significant portions of land. The protection of the steel industry in the United States reduced production of steel in the United States, increased costs to users, and increased unemployment in associated industries. Perverse results In 2003, Barbra Streisand unsuccessfully sued Kenneth Adelman and Pictopia.com for posting a photograph of her home online. Before the lawsuit had been filed, only 6 people had downloaded the file, two of them Streisand's attorneys. The lawsuit drew attention to t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
John Scott, 1st Earl Of Eldon
John Scott, 1st Earl of Eldon, (4 June 1751 – 13 January 1838) was a British barrister and politician. He served as Lord High Chancellor of Great Britain between 1801 and 1806 and again between 1807 and 1827. Early life Background Eldon was born in Newcastle upon Tyne. His grandfather, William Scott of Sandgate, a street adjacent to the Newcastle quayside, was clerk to a fitter, a sort of water-carrier and broker of coals. His father, whose name also was William, began life as an apprentice to a fitter, in which service he obtained the freedom of Newcastle, becoming a member of the guild of Hostmen (coal-fitters); later in life he became a principal in the business, and attained a respectable position as a merchant in Newcastle, accumulating property worth nearly £20,000. Education Eldon was educated at Royal Grammar School, Newcastle, Newcastle upon Tyne Royal Grammar School. He was not remarkable at school for application to his studies, though his wonderful memory ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
John Spencer, Viscount Althorp
John Charles Spencer, 3rd Earl Spencer, (30 May 1782 – 1 October 1845), styled Viscount Althorp from 1783 to 1834, was a British statesman and abolitionist. He was Chancellor of the Exchequer under Lord Grey and Lord Melbourne from 1830 to 1834. Due to his reputation for integrity, he was nicknamed "Honest Jack". Family and early years His father George Spencer, 2nd Earl Spencer had served in the ministries of Pitt the Younger, Charles James Fox and Lord Grenville, and was First Lord of the Admiralty (1794–1801). George Spencer was married to the eldest daughter of Lord Lucan. Their eldest son, John Charles, was born at Spencer House, London, on 30 May 1782. In 1800, after Harrow, he took up his residence at Trinity College, Cambridge, and for some time applied himself energetically to mathematical studies; but he spent most of his time in hunting and racing. He was appointed a deputy lieutenant of Northamptonshire on 5 June 1803. In 1804, he entered parliament as ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Radicals (UK)
The Radicals were a loose parliamentary political grouping in Great Britain and Ireland in the early to mid-19th century who drew on earlier ideas of radicalism and helped to transform the Whigs into the Liberal Party. History Early Radicals The Radical movement arose in the late 18th century to support parliamentary reform, with additional aims including lower taxes and the abolition of sinecures. John Wilkes's reformist efforts in the 1760s, as editor of '' The North Briton'' and as an MP, were seen as radical at the time, but support dropped away after the Massacre of St George's Fields in 1768. Working class and middle class "Popular Radicals" agitated to demand the right to vote and assert other rights, including freedom of the press and relief from economic distress, while " Philosophic Radicals" strongly supported parliamentary reform, but were generally hostile to the arguments and tactics of the Popular Radicals. However, the term "Radical" itself, as opposed ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Great Reform Act
The Representation of the People Act 1832 (also known as the Reform Act 1832, Great Reform Act or First Reform Act) was an act of the Parliament of the United Kingdom (indexed as 2 & 3 Will. 4. c. 45), enacted by the Whig government of Prime Minister Charles Grey, 2nd Earl Grey, introducing major changes to the electoral system of England and Wales, expanding the electorate in the United Kingdom. The legislation granted the right to vote to a broader segment of the male population by standardizing property qualifications, extending the franchise to small landowners, tenant farmers, shopkeepers, and all householders who paid a yearly rental of £10 or more. The act also reapportioned constituencies to address the unequal distribution of seats. The act of England and Wales was accompanied by the Scottish Reform Act 1832 and Irish Reform Act 1832, respectively. Before the reform, most members of Parliament nominally represented boroughs. However, the number of electors in a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Pittite
The Tories were a loosely organised political faction and later a political party, in the Parliaments of England, Scotland, Ireland, Great Britain and the United Kingdom. They first emerged during the 1679 Exclusion Crisis, when they opposed Whig efforts to exclude James, Duke of York from the succession on the grounds of his Catholicism. Despite their fervent opposition to state-sponsored Catholicism, Tories opposed his exclusion because of their belief that inheritance based on birth was the foundation of a stable society. After the succession of George I in 1714, the Tories had no part in government and ceased to exist as an organised political entity in the early 1760s (although the term continued to be used in subsequent years as a term of self-description by some political writers). About twenty years later, a new Tory party arose and participated in government between 1783 and 1830, with William Pitt the Younger followed by Robert Jenkinson, 2nd Earl of Liverpool. The ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Birmingham Political Union
The Birmingham Political Union (General Political Union) was a grass roots pressure group in Great Britain during the 1830s. It was founded by Thomas Attwood (economist), Thomas Attwood, a banker interested in monetary reform. Its platform called for extending and redistributing suffrage rights to the working class, of the kind set out in the Reform Bill of March 1831 which when passed became the Reform Act 1832. It included both middle-class and working-class members. Early years The Union was founded at the end of 1829; its first public meeting was on 25 January 1830 and was attended by a large number of people, variously estimated as anywhere between 10,000 and 15,000 people. Its stated aim was to campaign for reform of the British House of Commons, House of Commons, politically combining "the efforts of the two "industrious classes" of the nation, that is, the middle and lower… who had been deceived into attacking and blaming each other for their sufferings". Other manufa ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
