Historical Sketches of Statesmen Who Flourished in the Time of George III, Vol. 2 of 2

Download or read book Historical Sketches of Statesmen Who Flourished in the Time of George III, Vol. 2 of 2 written by Henry Lord Brougham and published by Forgotten Books. This book was released on 2015-07-15 with total page 214 pages. Available in PDF, EPUB and Kindle. Book excerpt: Excerpt from Historical Sketches of Statesmen Who Flourished in the Time of George III, Vol. 2 of 2: Second Series The history of George III.'s long and eventful reign presents to us no one domestic event so important in its consequences, both immediate and remote, as the rash and hazardous tampering with the currency, first by Mr. Pitt, under the pressure of the pecuniary embarrassments which his wars had occasioned, and next by the Liverpool ministry and the Whigs in their determination to restore the standard suddenly and without compromise. In 1797 the Bank of England was found to labour under extreme difficulties, from the export of bullion, the state of trade generally, and the financial demands of a government which was borrowing millions yearly to fill the devouring gulf of war expenditure, and to subsidize half the continental powers. It was perceived that either the war or the bank must stop, and the latter alternative was at once chosen. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.