 | John Ramsay McCulloch - 1831 - 92 pages
...standard, in 1819. By one party it has been represented as a wise and politic measure; they contend that Mr. Peel's Act not only put an end to those fluctuations...gave effect to the solemn engagements into which the publjc had entered with the national creditor, but that it did this without adding anything material... | |
 | John Ramsay McCulloch - 1852 - 790 pages
...wise and politic measure: they contend that Mr. Peel's Act not only put an end to those fluctuation* in the value of money, which had previously been productive...national creditor, but that it did this without adding any tiling material to the national burdens. But another, and, perhaps, a more numerous party, take... | |
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... however, take effect till 1821. Great distress certainly followed the readjustment of the currency, and extensive failures also took place. The whole question as to the propriety or otherwise of the measure has been much argued, and the result is... 