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Britain's single currency debate of the late 1860s

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  • John Maloney

Abstract

Though a Royal Commission had rejected Britain joining the Latin Monetary Union, Robert Lowe, the Chancellor of the Exchequer, said he would recommend membership provided three conditions were satisfied. As these included a general adherence to the gold standard, nothing further came of it. But meanwhile there had been a complex public discussion of the subject, and the related topic of shrinking the pound coin so it weighed the same as the 25-franc piece. The debate shed much light on the contemporary state of value and monetary theory, and those who supported the changes had the best of it.

Suggested Citation

  • John Maloney, 2006. "Britain's single currency debate of the late 1860s," The European Journal of the History of Economic Thought, Taylor & Francis Journals, vol. 13(4), pages 513-531.
    • Handle: RePEc:taf:eujhet:v:13:y:2006:i:4:p:513-531
    DOI: 10.1080/09672560601025811
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    References listed on IDEAS

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    1. Marc Flandreau, 2004. "The Glitter of Gold : France, Bimetallism, and the Emergence of the International Gold Standard, 1848-1873," Post-Print hal-03568230, HAL.
    2. Luca L. Einaudi, 2000. "From the franc to the ‘Europe’: the attempted transformation of the Latin Monetary Union into a European Monetary Union, 1865-1873," Economic History Review, Economic History Society, vol. 53(2), pages 284-308, May.
    3. Flandreau, Marc, 2004. "The Glitter of Gold: France, Bimetallism, and the Emergence of the International Gold Standard, 1848-1873," OUP Catalogue, Oxford University Press, number 9780199257867.
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    Keywords

    Euro; money; Jevons; Lowe; coinage;
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