Monetary Policy General First And Second Reports From The Select Committee Of Secrecy On Banks Of Issue With Minutes Of Evidence Appendix And Index 1841

Author : Charles Read
Publisher : Boydell & Brewer
ISBN 13 : 1783277270
Total Pages : 362 pages
Book Rating : 4.7/5 (832 download)

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Download or read book The Great Famine in Ireland and Britain's Financial Crisis written by Charles Read and published by Boydell & Brewer. This book was released on 2022-10-25 with total page 362 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Irish famine of the 1840s is the biggest humanitarian crisis in the United Kingdom's history. Within six years of the arrival of the potato blight in Ireland in 1845, more than a quarter of its residents had unexpectedly died or emigrated. Its population has not yet fully recovered since. Historians have struggled to explain why the British government decided to shut down its centrally organised relief efforts in 1847, long before the famine ended. Some have blamed the laissez-faire attitudes of the time for an inadequate response by the British government; others have alleged purposeful neglect and genocide. In contrast, this book uncovers a hidden narrative of the crisis, which links policy failure in Ireland to financial and political instability in Great Britain. More important than a laissez-faire ideology in hindering relief efforts for Ireland were the British government's lack of a Parliamentary majority from 1846, the financial crises of 1847, and a battle of ideas over monetary policy between proponents and opponents of financial orthodoxy. The high death toll in Ireland resulted from the British government's plans for intervention going awry, rather than being prematurely cancelled because of laissez-faire. This book is essential reading for scholars, students and anyone interested in Anglo-Irish relations, the history of financial crises, and why humanitarian-relief efforts can go wrong even with good intentions.