This authoritative guide to the transformation of the Bank of England into a modern inflation-targeting independent central bank examines a revolution in monetary and economic policy and the modernization of British institutions in the late twentieth century.

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Excerpt from A Financial, Monetary and Statistical History of England: From the Revolution of 1688 to the Present Time; Derived Principally From Official Documents; In Seventeen Letters Addressed to the Young Men of Great Britain About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.

This work has been selected by scholars as being culturally important, and is part of the knowledge base of civilization as we know it. This work was reproduced from the original artifact, and remains as true to the original work as possible. Therefore, you will see the original copyright references, library stamps (as most of these works have been housed in our most important libraries around the world), and other notations in the work.This work is in the public domain in the United States of America, and possibly other nations. Within the United States, you may freely copy and distribute this work, as no entity (individual or corporate) has a copyright on the body of the work.As a reproduction of a historical artifact, this work may contain missing or blurred pages, poor pictures, errant marks, etc. Scholars believe, and we concur, that this work is important enough to be preserved, reproduced, and made generally available to the public. We appreciate your support of the preservation process, and thank you for being an important part of keeping this knowledge alive and relevant.

T.S. Ashton has sought less to cover the field of economic history in detail than to offer a commentary, with a stress on trends of development rather than on forms of organization or economic legislation. This book seeks to interpret the growth of population, agriculture, maufacture, trade and finance in eighteenth-century England. It throws light on economic fluctuations and on the changing conditions of the wage-earners. The approach is that of an economist and use is made of hitherto neglected statistics. But treatment and language are simple. The book is intended not only for the specialist but also for others who turn to the past for its own sake or for understanding the present. This book was first published in 1955.