Inquiry Into The Nature And Effects Of The Paper Credit Of Great Britain (1807)

An Inquiry Into The Nature And Effects Of The Paper Credit Of Great Britain is a book written by Henry Thornton and originally published in 1807. The book is an in-depth analysis of the paper credit system of Great Britain, examining its nature, effects, and potential risks. Thornton explores the history of paper credit in Britain, tracing its development from the Bank of England's establishment in 1694 to the early 19th century. He also examines the various forms of paper credit in use at the time, including banknotes, bills of exchange, and government securities. Thornton's analysis is both theoretical and empirical, drawing on economic theory and statistical data to examine the impact of paper credit on the British economy. He argues that paper credit has played a crucial role in the growth and development of the British economy, but also warns of the potential dangers of excessive credit expansion. Thornton's work is considered an important contribution to the study of monetary theory and banking, and it remains a valuable resource for economists and historians alike.This scarce antiquarian book is a facsimile reprint of the old original and may contain some imperfections such as library marks and notations. Because we believe this work is culturally important, we have made it available as part of our commitment for protecting, preserving, and promoting the world's literature in affordable, high quality, modern editions, that are true to their original work.