Sign in
Industrial AgeEconomy & Trade

Bank Restriction Act

1797Notable

Fearing a run during the war with France, Britain lets the Bank of England stop paying gold for its notes. The 24-year paper pound sparks the bullionist debate about money.

Community notes

Loading notes…

Learn more ranked by votes

BookRichard Roberts and David Kynaston (eds.)
The Bank of England: Money, Power and Influence 1694-1994 ↗
Editor's pick
VideoSearch on YouTube
Bank Restriction Act 1797 explained ↗
Editor's pick