Episode 1 of 3
Passage of the Bank Restriction Act 1797
- When
- 1797
- Where
- Parliament of Great Britain
- Part of
- Bank Restriction Act
Parliament passed the Bank Restriction Act 1797, removing the Bank of England's requirement to convert banknotes into gold.
The Bank Restriction Act 1797 (37 Geo. 3. c. 45) was an act of the Parliament of Great Britain which removed the requirement for the Bank of England to convert banknotes into gold. The period between the two relevant dates became known as the Restriction period. The act's text survives as originally enacted from legislation.gov.uk.
Sources
- Bank Restriction Act 1797 Wikipedia, revision of 2026-09-24
Machine-drafted from the cited Wikipedia passages and checked by a reviewing model, not by a human editor. Every passage cites the revision it was written from; dates and places follow those passages.