Banking Act of 1824

GPTKB entity

Statements (55)
Predicate Object
gptkbp:instance_of gptkb:legislation
gptkbp:bfsLayer 4
gptkbp:bfsParent gptkb:18th_United_States_Congress
gptkbp:addressed banking failures
gptkbp:allows formation of new banks
gptkbp:amended_by gptkb:Banking_Act_of_1832
gptkbp:applies_to gptkb:England_and_Wales
gptkbp:created new banking institutions
gptkbp:depicted_in a response to public demand for banking reform
gptkbp:effective_date 1824
gptkbp:enacted_by gptkb:government_agency
protect depositors
address banking crises
increase transparency in banking.
gptkbp:encouraged investment in banking
gptkbp:established limited liability for shareholders
gptkbp:historical_debate gptkb:government_agency
gptkb:the_British_Parliament
https://www.w3.org/2000/01/rdf-schema#label Banking Act of 1824
gptkbp:impact established joint-stock banks
gptkbp:increased public confidence in banks
gptkbp:influenced future banking legislation
gptkbp:influenced_by economic conditions of the time
previous banking regulations
gptkbp:introduced gptkb:Robert_Peel
gptkbp:is_aimed_at improving financial stability
reducing bank runs
gptkbp:is_considered a landmark in banking history
a response to the financial crisis of the 1820s
gptkbp:is_criticized_for favoring larger banks
due to its impact on existing banks
gptkbp:is_designed_to promote economic growth
gptkbp:is_implemented_in the UK banking system
gptkbp:is_influential_in shaping modern banking practices
gptkbp:is_opposed_by traditional bankers
gptkbp:is_part_of financial reforms in the UK
the Industrial Revolution's financial changes
the broader context of financial reform
the evolution of banking laws in the UK
gptkbp:is_promoted_by gptkb:government_agency
gptkbp:is_standardized_by gptkb:Bank
gptkbp:is_supported_by banking reform advocates
gptkbp:led_to increased scrutiny of banks
growth of the banking sector
increased bank failures
gptkbp:passes_through gptkb:government_agency
the early 19th century
gptkbp:precedent future banking regulations
gptkbp:purpose regulate banking practices
gptkbp:regulates banking capital requirements
gptkbp:related_to gptkb:Bank_of_England
gptkbp:repealed_by gptkb:Banking_Act_of_1844
gptkbp:replaced_by gptkb:Banking_Act_of_1844
gptkbp:signed_by gptkb:King_George_IV
gptkbp:significance increased competition in banking