Britain and the Classical Gold Standard (1821–1931)

1. Bank Restriction Act suspends gold payments

   May 3, 1797Labels: Bank of, Bank Restriction

   • Restriction Act
   • Britannica

2. Coinage Act establishes gold-led monetary reform

   Jun 22, 1816Labels: Coinage Act, Parliament

   • Coinage Act
   • Parliament

3. Gold sovereign revived as standard coin

   Jul 1, 1817Labels: Gold sovereign, Royal Mint

   • RMMuseum
   • Royal Mint

4. Resumption of Cash Payments Act sets return path

   Jul 2, 1819Labels: Resumption Act, Parliament

   • Peel Bill
   • Parliament

5. Parliament advances timetable for gold payments

   Mar 19, 1821Labels: Parliament, Resumption timetable

   • Parliament
   • Peel Bill

6. Britain restores gold convertibility after restriction

   May 1, 1821Labels: Gold convertibility, Bank of

   • Bank Note
   • Restriction Act

7. Bank Charter Act ties note issue to gold reserves

   Jul 19, 1844Labels: Bank Charter, Peel

   • Britannica
   • Parliament

8. Classical gold standard era shapes global trade

   Jan 1, 1870Labels: Classical gold, London

   • WGC
   • Gold Standard

9. Baring crisis tests Bank of England support role

   Nov 1, 1890Labels: Baring crisis, Bank of

   • Baring crisis
   • Barings Bank

10. World War I ends prewar gold convertibility conditions

    Aug 1, 1914Labels: World War, International gold

    • Gold Standard
    • WGC

11. Gold Standard Act returns Britain to gold bullion convertibility

    May 13, 1925Labels: Gold Standard, Bank of

    • Hansard
    • Hansard

12. Invergordon Mutiny fuels run on sterling

    Sep 15, 1931Labels: Invergordon Mutiny, Sterling

    • Invergordon
    • Hansard

13. Britain suspends the gold standard and ends era

    Sep 21, 1931Labels: Suspension 1931, British government

    • Hansard
    • LBMA