Publisher's Synopsis
Sir Robert Peel's Act of 1844, Regulating the Issue of Bank Notes, Vindicated is a book written by George Arbuthnot in 1857. The book is a defense of the Bank Charter Act of 1844, which was introduced by Sir Robert Peel, the British Prime Minister. The act regulated the issuance of bank notes in England and Wales, and was designed to prevent the excessive issuance of paper money by banks, which had led to financial instability in the past.Arbuthnot argues that the Bank Charter Act was a necessary and effective measure to stabilize the economy and prevent financial crises. He provides a detailed analysis of the act and its impact on the banking system, and refutes criticisms of the act that had been made by some economists and politicians.The book is written in a clear and concise style, and is aimed at a general audience as well as economists and policymakers. It provides a valuable historical perspective on the development of monetary policy in Britain, and the role of government in regulating the financial system. Overall, Sir Robert Peel's Act of 1844, Regulating the Issue of Bank Notes, Vindicated is a well-researched and persuasive defense of an important piece of legislation in British economic history.This scarce antiquarian book is a facsimile reprint of the old original and may contain some imperfections such as library marks and notations. Because we believe this work is culturally important, we have made it available as part of our commitment for protecting, preserving, and promoting the world's literature in affordable, high quality, modern editions, that are true to their original work.
