Excerpt from A Letter on the Currency, to the Right Hon. The Viscount Althorp, Chancellor of the Exchequer, &C., &C., &C
England has not been engaged in war for nearly seventeen years, and this long period of uninterrupted peace has presented nothing but a series of calamity and suffering unequalled in any country, even during the most ruinous and expensive contest. The plea of transition must be considered as 'long. Since at an end. Far from experiencmg the often promised alle viation of our distress, not even a hope of improvement remains: each revolving year plunges the country into deeper ruin; and, after havrng swept away the fortunes of thou sands, having consigned to bankruptcy the com mercial, the manufacturing, and 'the agricul tural interests - having sent despair and suicide through the land and increased to a fearful de gree the amount of crime, the mighty evil has, at length reached the public revenue, and ifi sufl'ered to pursue its destructive course, will soon fatally affect that very interest,to the nu just aggrandizement of which, the productive classes have been thus mercilessly sacrificed.
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Paperback. Zustand: New. Print on Demand. This book probes the impact of the 1819 Currency Act which fixed Britain's currency to the gold standard after the Napoleonic wars. The author argues that this policy favoured the wealthy at the expense of the working class and middle classes. The book offers a historical context of the act and its consequences and explores economic concepts, such as inflation, monetary systems, and banking practices. The author asserts that the act created a deflationary spiral which led to widespread unemployment, business failures, and social unrest. The book concludes that the act was a grave error that undermined Britainâs economic stability and caused decades of hardship for the majority of its citizens. 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. print-on-demand item. Bestandsnummer des Verkäufers 9781334473708_0
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Anbieter: PBShop.store US, Wood Dale, IL, USA
PAP. Zustand: New. New Book. Shipped from UK. Established seller since 2000. Bestandsnummer des Verkäufers LW-9781334473708
Anbieter: PBShop.store UK, Fairford, GLOS, Vereinigtes Königreich
PAP. Zustand: New. New Book. Shipped from UK. Established seller since 2000. Bestandsnummer des Verkäufers LW-9781334473708
Anzahl: 15 verfügbar