Currency and National Distress

  • Barry Gordon


In response to the crisis of 1825–6, the government had sponsored legislation to suppress the issue of notes of small denomination by banks in England and Wales. It also decided to permit the formation of joint-stock banks outside London and its immediate surrounds (see Chapter 4). At the same time, it contemplated extension of the abolition of small notes to the Scottish and Irish banking systems.


Free Trade Wage Earner Cash Payment National Distress Privy Council 
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  1. 53.
    Sir John Sinclair, Thoughts on Currency and the Means of Promoting National Prosperity ( London: Hatchard, 1829 ) 106.Google Scholar
  2. 72.
    E. Halévy, The Triumph of Reform, 1830–1841 ( London: Benn, 1961 ) 16.Google Scholar

Copyright information

© Barry Gordon 1979

Authors and Affiliations

  • Barry Gordon
    • 1
  1. 1.University of NewcastleAustralia

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