: 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,
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
Latest stock market news Twitter alternate of India
0 Reactions React
More posts by @newsMNC
: Watch: Venus Williams with an epic response to question about her Wimbledon mixed doubles ambitions #IndiaNEWS Venus Williams is a legend for all her tennis achievements, but off court too the American
0 Reactions React
: Udaipur killing: NIA sends accused persons to 10-day police custody #IndiaNEWS A National Investigation Agency court on Saturday remanded the four persons, accused of murdering an Udaipur tailor, in
0 Reactions React
0 Comments
Sorted by latest first Latest Oldest Best
Terms of Use Create Support ticket Your support tickets Stock Market News! © babycheers.com2024 All Rights reserved.