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gptkbp:instanceOf
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gptkb:Act_of_Parliament
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gptkbp:affects
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gptkb:Bank_of_England
other English banks
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gptkbp:alsoKnownAs
|
gptkb:Peel's_Act
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gptkbp:category
|
gptkb:Acts_of_the_Parliament_of_the_United_Kingdom
gptkb:economic_policy
gptkb:Banking_regulation
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gptkbp:country
|
gptkb:United_Kingdom
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gptkbp:dateEnacted
|
1844
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gptkbp:enactedBy
|
gptkb:Parliament_of_the_United_Kingdom
|
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gptkbp:historicalSignificance
|
foundation of modern central banking in UK
established Bank of England's monopoly on note issuance
|
|
gptkbp:namedAfter
|
gptkb:Robert_Peel
|
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gptkbp:provides
|
required Bank of England to back notes with gold reserves
separated Bank of England into Issue and Banking departments
set maximum fiduciary issue
limited note-issuing rights to Bank of England and existing private banks
required new note-issuing banks to cease issuing notes
|
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gptkbp:purpose
|
control currency issuance
regulate the issue of banknotes
restrict the powers of the Bank of England
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gptkbp:relatedTo
|
gptkb:Bank_of_England_Act_1694
Banking School
Currency School
|
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gptkbp:repealedBy
|
No
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gptkbp:bfsParent
|
gptkb:Samuel_Jones_Loyd,_1st_Baron_Overstone
gptkb:The_Bank_of_England
|
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gptkbp:bfsLayer
|
8
|
|
https://www.w3.org/2000/01/rdf-schema#label
|
Bank Charter Act 1844
|