Bank Restriction Period

E931259

The Bank Restriction Period was the era (1797–1821) in Britain when the Bank of England suspended gold convertibility of its notes, leading to significant monetary controversy and debates over inflation and currency depreciation.

All labels observed (1)

Label Occurrences
Bank Restriction Period canonical 1

How this entity was disambiguated

Statements (48)

Predicate Object
instanceOf historical period ⓘ
monetary regime ⓘ
appliesTo Bank of England ⓘ
appliesToJurisdiction United Kingdom of Great Britain ⓘ
country Great Britain ⓘ
describedBySource Bullion Report ⓘ
parliamentary debates of the early 19th century ⓘ
endTime 1821 ⓘ
followedBy resumption of the gold standard in Britain ⓘ
hasCause financial pressures of the French Revolutionary Wars ⓘ
financial pressures of the Napoleonic Wars ⓘ
suspension of gold convertibility at the Bank of England ⓘ
hasEffect changes in the gold price in terms of paper pounds ⓘ
constraints on gold outflows from the Bank of England ⓘ
depreciation of the paper pound relative to gold ⓘ
development of the bullionist versus anti-bullionist controversy ⓘ
exchange rate depreciation of sterling ⓘ
expansion of Bank of England note issue ⓘ
increased use of inconvertible paper money ⓘ
intensified debate over monetary theory ⓘ
rise in the price level in Britain ⓘ
suspension of specie payments by the Bank of England ⓘ
hasParticipant Bank of England ⓘ
British Parliament ⓘ
British government ⓘ
linked to: UK government

British merchants and traders ⓘ
holders of Bank of England notes ⓘ
location England ⓘ
Ireland ⓘ
London ⓘ
linked to: London, England

Scotland ⓘ
Wales ⓘ
mainSubject convertibility of banknotes into gold ⓘ
currency depreciation ⓘ
inflation ⓘ
monetary policy of the Bank of England ⓘ
paper money ⓘ
precededBy pre-1797 British gold standard ⓘ
regulates convertibility of Bank of England notes ⓘ
significantEvent Bank Restriction Act 1797 ⓘ
Bullion Committee of 1810 ⓘ
Bullion Report of 1810 ⓘ
Resumption Act 1819 ⓘ
resumption of cash payments in 1821 ⓘ
startTime 1797 ⓘ
studiedInDiscipline British history ⓘ
economic history ⓘ
monetary economics ⓘ

How these facts were elicited

Referenced by (1)

Full triples — surface form annotated when it differs from this entity's canonical label.