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SUMMARY:The ‘Bimetallic Controversy’ and the golden age of monetary or
 thodoxy\, 1880-1900 - Sabine Schneider\, St John's College\, Cambridge and
  Centre for Financial History
DTSTART:20160307T170000Z
DTEND:20160307T183000Z
UID:TALK62052@talks.cam.ac.uk
CONTACT:Dr Duncan Needham
DESCRIPTION:For most of the nineteenth century\, gold monometallism\, like
  the repeal of the Corn Laws and Peel’s Bank Charter Act\, commanded cro
 ss-party approval in Britain. In the deflationary decades of the 1880s and
  1890s\, however\, the political consensus surrounding the gold standard w
 as called into question by advocates of a bimetallic currency. The clash o
 f ‘orthodox’ and ‘heterodox’ monetary ideas not only raged in Brit
 ain’s financial press and learned reviews\, but also developed into a di
 visive policy issue for the General Election of 1895. This paper re-consid
 ers the political dynamic of the ‘Bimetallic Controversy’ by examining
  the strategies and arguments employed by the Gold Standard Defence Associ
 ation\, a pressure group established to preserve the monetary status quo. 
 The lost story of the campaign to uphold the single standard reveals the c
 ombined strength of political pragmatism and the cultural associations of 
 gold that sustained support for Britain’s currency regime in the decades
  before the First World War.
LOCATION:Darwin College (Seminar Room\, No. 1 Newnham Terrace - entrance v
 ia Porters Lodge on Silver St)
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