William Pitt the Younger26 February 1797
The government permits the Bank of England to suspend cash payments after wartime pressure drains reserves, interrupting the earlier gold-based convertibility of banknotes.
Great Britain · Economy / Bank of England. Chronological records rendered directly from the World History Database.
The government permits the Bank of England to suspend cash payments after wartime pressure drains reserves, interrupting the earlier gold-based convertibility of banknotes.
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