: 19th century letters reveal the mood in Britain when inflation reached the highest levels in history #IndiaNEWS The current struggles with inflation encompass some of the highest rises in living memory,

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19th century letters reveal the mood in Britain when inflation reached the highest levels in history #IndiaNEWS
The current struggles with inflation encompass some of the highest rises in living memory, but current rises pale in comparison to the exceptional case of the year 1800 when inflation reached a dizzying 36% in Britain. This is the highest known figure in British history.The explanation given for this incredible rise was that the 20 years of Napoleonic Wars had drained the country’s resources and an ever-increasing demand provoked by the industrial revolution. The economy struggled to supply ample arms, food and fuel to the army and navy, and shortages emerged across all sorts of everyday goods. This drove up the price of clothing, beverages, candles, coal, animal meat, dairy and cereals so that the common person dealt with rises across most of the items they would ever seek to purchase. Such goods had been increasing in price for decades as an increase in population and a decrease in mortality rate meant an increase in demand. Given the incredible rises, wages struggled to keep up, so how did the government analyse the situation at the time?Correspondence to Earl of Liverpool from the Office for Trade offers an insight into the tension on the streets. The Office representative describes crowds of people...Read more

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