ABSTRACT

In the United Kingdom the second Great Debate on money was occasioned by the Napoleonic Wars and the ‘suspension of payments’ (1797-1821) during which the United Kingdom effectively had an inconvertible paper currency. The climax of the debate was the Bullion Report of 1810, and the whole period is a happy hunting ground for book and pamphlet collectors, and for connoisseurs of economic sense and nonsense.