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The Evolution of the Gold Standard in England

Bibliographic Data

ID10101751
AuthorsAngela Redish (University of British Columbia, corresponding author)
Year1990
Volume50
Issue4
Pages789-805
Publication date1990-12-01
Peer ReviewedYes
Open AccessYes
TypeARTICLE
VenueThe Journal of Economic History (JOURNAL)
Journal identifiersISSN: 0022-0507 • E-ISSN: 1471-6372
PublisherCambridge University Press (CUP) (PUBLISHER)
DOI10.1017/s0022050700037827
OpenAlexW2132865313
LanguageEN
Citations received24
References cited5

In 1816 England officially abandoned bimetallism and made silver coins into tokens that were only limited legal tender. Earlier monetary authorities had lacked the ability to manage a subsidiary coinage, a necessary complement to the monometallic gold standard. A successful token coinage must be both costly to counterfeit and credibly backed to ensure that the tokens do not depreciate to their intrinsic value. These problems were solved in the nineteenth century through the introduction of steam-driven stamping presses and with the assistance of the Bank of England

Business · Commerce · Computer security · Counterfeit · Currency · Economics · Legal tender · Monetary economics · New england · Political science · Security token · Value (mathematics · Computer Science · Historical Economic and Social Studies · Law

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Unique citing works24
Citations per year0,75
Citation span1994 - 2025 (32)
Citation velocityrecent
Highly citedNo
Citation typesNeutral: 23
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