Jump to ContentJump to Main Navigation
Entrepreneurial Politics in Mid-Victorian Britain$
Users without a subscription are not able to see the full content.

G. R. Searle

Print publication date: 1993

Print ISBN-13: 9780198203575

Published to Oxford Scholarship Online: October 2011

DOI: 10.1093/acprof:oso/9780198203575.001.0001

Show Summary Details
Page of

PRINTED FROM OXFORD SCHOLARSHIP ONLINE (www.oxfordscholarship.com). (c) Copyright Oxford University Press, 2019. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in OSO for personal use. date: 20 October 2019

Financial Reform, 1848–1853

Financial Reform, 1848–1853

(p.51) 2 Financial Reform, 1848–1853
Entrepreneurial Politics in Mid-Victorian Britain

G. R. Searle

Oxford University Press

In late 1847, Britain was in the throes of a commercial depression; many banks failed, among them the Royal Bank of Liverpool, which closed its doors in October. In that same month, the government temporarily suspended the Bank Charter Act. This commercial distress reawakened the militancy of the class-conscious urban Radicals, while the agricultural depression stimulated a pronounced Protectionist revival. To appease restless MPs, the Whig government proposed a revised budget, which renewed income tax for three (rather than five) years and left the existing rates unchanged. This triggered a renewal of the bourgeois revolt, and leagues sprang up all over the place. The middle class launched a series of protests, channeling their anger by forming provincial pressure groups. One such group was the Liverpool Financial Reform Association, which criticized the monarchy and the armed services. This chapter looks at the economy campaign of the LFRA and the budget policies of Benjamin Disraeli and William Gladstone in 1852 and 1853, respectively.

Keywords:   Britain, Radicals, budget policy, income tax, Liverpool Financial Reform Association, Protectionist revival, Benjamin Disraeli, William Gladstone, depression, middle class

Oxford Scholarship Online requires a subscription or purchase to access the full text of books within the service. Public users can however freely search the site and view the abstracts and keywords for each book and chapter.

Please, subscribe or login to access full text content.

If you think you should have access to this title, please contact your librarian.

To troubleshoot, please check our FAQs , and if you can't find the answer there, please contact us .