Bank Restriction Act 1797

URI: https://gptkb.org/entity/Bank_Restriction_Act_1797
GPTKB entity
Statements (21)
Predicate Object
gptkbp:instanceOf gptkb:Act_of_Parliament
gptkbp:category English law
economic history of the United Kingdom
gptkbp:citation 37 Geo. 3. c. 45
gptkbp:country gptkb:Great_Britain
gptkbp:dateEnacted 1797
gptkbp:effect Bank of England could not pay out gold for its banknotes
gptkbp:enactedBy gptkb:Parliament_of_the_United_Kingdom
gptkbp:historicalSignificance marked the beginning of the suspension of the gold standard in Britain
https://www.w3.org/2000/01/rdf-schema#label Bank Restriction Act 1797
gptkbp:location gptkb:United_Kingdom
gptkbp:longTitle An Act for continuing for a limited Time, the Restriction contained in the Minute of the 26th of February 1797, on Payments of Cash by the Bank.
gptkbp:purpose suspend the convertibility of Bank of England notes into gold
gptkbp:relatedTo gptkb:Bank_of_England
gptkb:Napoleonic_Wars
gptkb:gold_standard
gptkbp:repealedBy 1821
gptkbp:shortName gptkb:Bank_Restriction_Act_1797
gptkbp:status repealed
gptkbp:bfsParent gptkb:Horner's_Report_on_the_Bullion_Committee
gptkbp:bfsLayer 6