Skip to main content

May/June 1998, 
Vol. 80, No. 3
Posted 1998-05-01

The Financial Crisis of 1825 and the Restructuring of the British Financial System

by Larry Neal

The article develops the argument that the common element in all the problems of Britain’s first return to gold arose from the pressures of coping with vastly increased informational uncertainties within the existing structure of English institutions.