Bullion Committee
Encyclopedia
The Bullion committee was set up in order to research the possibility of putting Britain onto the gold standard
and how to carry it out. Sir Robert Peel was the chairman of the Bullion committee. He managed to place Britain on the gold standard two years earlier than planned. Another member was David Ricardo
.
Gold standard
The gold standard is a monetary system in which the standard economic unit of account is a fixed mass of gold. There are distinct kinds of gold standard...
and how to carry it out. Sir Robert Peel was the chairman of the Bullion committee. He managed to place Britain on the gold standard two years earlier than planned. Another member was David Ricardo
David Ricardo
David Ricardo was an English political economist, often credited with systematising economics, and was one of the most influential of the classical economists, along with Thomas Malthus, Adam Smith, and John Stuart Mill. He was also a member of Parliament, businessman, financier and speculator,...
.