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International Political Economy
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Question:
The High Price of Bullion, a Proof of the Depreciation of Bank Notes (1810)
Author: Angelie BayabanAnswer:
Refueled the controversy then surrounding the Bank of England: freed from the necessity of cash payment (strains from the wars with France prompted the government to bar the Bank of England from paying its notes in gold), both the Bank of England and the rural banks had increased their note issues and the volume of their lending.
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