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.
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 ⓘ |
Referenced by (1)
Full triples — surface form annotated when it differs from this entity's canonical label.
The High Price of Bullion, a Proof of the Depreciation of Bank Notes
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relatedEvent
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Bullion Committee of 1810
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