1823: Equitable Adjustment of Contracts
Although the prices of agricultural produce began to rise during this session of parliament they were extremely low at the commencement of the year. In December 1822 the price of wheat was thirty-nine shillings per quarter, as against fifty-three shillings in December 1819. As a result, the ‘squeakings’ of the country gentlemen rose to a crescendo in late 1822 and early 1823 with a series of county meetings which attracted very large numbers of small landowners and farmers.1 At these meetings resolutions were passed concerning the need for parliamentary reform, taxation reduction, government economy and ‘the equitable adjustment of contracts’.
KeywordsPolitical Economy Cash Payment Effective Demand Small Landowner Malt Liquor
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- 21.See Henry James, Essays on money, exchanges, and political economy 2 vols (London, 1820). The quality of James’ work has been underlined by Professor Fetter, op. cit., 75.Google Scholar