Gold Standard

Understanding the mechanisms of inflation and its far-reaching consequences on economic stability and social cohesion.

Explore the historical phenomenon of rentiers in 19th-century Europe who accumulated wealth through government bonds.

The Rothschild family's extensive banking network facilitated the mobilization of gold during the Napoleonic Wars, leveraging price differences between markets through arbitrage.

The Glorious Revolution's impact on English fiscal policy is explored, highlighting significant turning points in the development of parliamentary scrutiny, gold standard, professional civil service, and bond market.

Explore the decline of fiat currency and its impact on purchasing power through historical context and comparisons.

Learn about the transition from the gold standard to fiat currency, a shift that impacted exchange rates and monetary policy.

Explore how the late 19th and early 20th centuries saw a shift towards central banking and deposit concentration in most advanced economies.

Explore the Victorian British monetary system's limitations under the gold standard, its impact on economy growth, and the emergence of joint-stock banking.

Explore the development of monetary policy in 19th century Britain through the lens of the Bank Charter Act and its impact on regulating banknote circulation.