Bullion Committee of 1810

E931260

The Bullion Committee of 1810 was a British parliamentary committee established to investigate the causes of the high price of gold and the depreciation of paper currency during the Napoleonic Wars, whose report became a landmark in the development of monetary theory.

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Statements (49)

Predicate Object
instanceOf British parliamentary committee
parliamentary committee
appliesTheory bullionist doctrine
appliesToJurisdiction United Kingdom of Great Britain and Ireland NERFINISHED
chairperson Francis Horner NERFINISHED
concludedThat depreciation of paper money was due to over-issue of banknotes
market price of gold above the mint price indicated currency depreciation
country United Kingdom
describedAs landmark in the development of monetary theory
fieldOfWork financial history
macroeconomics
monetary theory
genre parliamentary report
hasEffect influence on British monetary policy discussions
influence on later debates on the gold standard
influence on the development of the quantity theory of money
hasMember David Ricardo NERFINISHED
George Tierney NERFINISHED
Henry Thornton NERFINISHED
Nicholas Vansittart NERFINISHED
Robert Peel NERFINISHED
William Huskisson NERFINISHED
hasPart Bullion Report NERFINISHED
hasPurpose examination of the Bank of England note issue
investigation of the depreciation of paper currency
investigation of the high price of gold
historicalPeriod Napoleonic era NERFINISHED
inception 1810
investigated Bank of England NERFINISHED
languageOfWork English
legislativeBody House of Commons of the United Kingdom
locatedIn Parliament of the United Kingdom NERFINISHED
mainSubject convertibility of banknotes into gold
exchange rates
gold price
monetary policy
paper money
notableWork Report of the Bullion Committee NERFINISHED
positionHeld committee of inquiry on the Bank of England NERFINISHED
product Bullion Report NERFINISHED
publicationDate 1810
recommended gradual return to convertibility of Bank of England notes into gold
resumption of cash payments
significantEvent Napoleonic Wars NERFINISHED
suspension of cash payments by the Bank of England
topic exchange rate policy
gold bullion
inflation
paper currency depreciation

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