Bank of England Act 1797

GPTKB entity

Statements (26)
Predicate Object
gptkbp:instance_of gptkb:legislation
gptkbp:affects inflation in the British economy
establishment of central banking practices in the UK
gptkbp:amended_by Bank of England Act 1816
gptkbp:associated_with British financial history
gptkbp:consequences banking system changes in Britain
gptkbp:context gptkb:Napoleonic_Wars
gptkbp:date_enacted 1797
gptkbp:enacted_by gptkb:Parliament_of_Great_Britain
gptkbp:historical_context economic instability in late 18th century Britain
https://www.w3.org/2000/01/rdf-schema#label Bank of England Act 1797
gptkbp:impact increased issuance of banknotes
gptkbp:influenced_by financial crisis of 1796-1797
gptkbp:introduced gptkb:William_Pitt_the_Younger
gptkbp:is_debated_in Parliamentary discussions on currency stability
gptkbp:legal_status gptkb:law
gptkbp:legislation Bank Charter Act 1833
suspension of gold standard
gptkbp:modern_relevance historical monetary policy
gptkbp:primary_source Parliamentary records
gptkbp:purpose to suspend the convertibility of banknotes into gold
gptkbp:related_to gptkb:Bank_of_England
gptkbp:repealed_by Bank of England Act 1821
gptkbp:significance led to the establishment of a fiat currency system
gptkbp:bfsParent gptkb:The_Pitt_Administration_(1796-1801)
gptkbp:bfsLayer 8