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Zusatztext Patrick T. Reardon Chicago Tribune This entertaining social history is just the ticket for Americans who like to read Dickens and other 19th-century novelists...or for anyone who likes to read histories and biographies of that era. Informationen zum Autor Daniel Pool received a doctorate in political science from Brandeis University and a law degree from Columbia University. He lives in New York City. Klappentext Filled with lively essays and a glossary of obscure terms, this unique reference--organized by subject--is a practical and entertaining compendium of information and insight on this time of debtor prisons, bedlam, and that wonderful disease of sense and sensibility, "putrid fever". Illustrations. The Basics Currency Guineas, shillings, half-pence. You know what they are?" Mr. Dombey asks his little son Paul. Paul, Dickens tells us, knew, but the average reader of today is not always likely to be so knowledgeable. In the 1800s, British money was calculated in units of pounds, shillings, and pence. These were the units of value -- like the American mill, cent, and dollar -- in which all transactions were reckoned, regardless of whether the value was represented by a bookkeeping entry, by coin, by bank notes, or by notations written on a check. The actual physical instruments of currency were paper bank notes and gold, silver, copper, and bronze coins like the sixpence, the crown, the sovereign, the shilling piece, and the penny. Thus, for example, the physical units called pennies were used to measure the value created by an equivalent number of pence. (The guinea, uniquely, was a unit of physical currency that also became an abstract measure of value as well; that is, long after the actual guinea coin itself stopped being minted in the early 1800s, prices for luxury items like good horses and expensive clothes continued to be quoted in guineas as if it were some independent unit of value like the pound.) Sovereigns and half sovereigns were gold; crowns, half crowns, florins, shillings, sixpences, and threepences were silver; pence, ha'pence, and farthings were copper until 1860, after which they were bronze. The coins were issued by the Royal Mint, but the bank notes got their names from the fact that they were not issued by a government agency but by a bank, in fact -- after the mid-1800s -- only by the bank -- the Bank of England. Until then banks all over the country issued their own bank notes (or promises to pay), which circulated more or less like money. Private banks in the provinces are by one estimate believed to have cranked out about £20,000,000 worth of notes between 1810 and 1815. With the Bank Charter Act of 1844, however, the government gave the Bank of England a monopoly on the issuance of bank notes. As the currency of other banks subsequently disappeared from circulation, "bank note" or "note" in consequence became synonymous with the paper issued by the Bank of England. To abbreviate their money, Britons used the symbol £ for pound, s. for shilling, and d. for pence, although five pounds, ten shillings, sixpence could be written £5.10.6. "Five and six" meant five shillings and sixpence, and it would have been written "5/6." It is very difficult to know what a pound or shilling from 1800 to 1859 is worth in 1990s America, and, as any economist will volubly inform you, the fact that the Victorians had no Hondas and we have no candles, i.e., we don't buy the same goods and don't have the same economic needs, makes the purchasing power of the two currencies fundamentally incommensurable. Nonetheless, intrepid estimates in the last ten years have put the pound's worth in the neighborhood of $20, $50 or $200. The Calendar London. Michaelmas Term lately over, and the Lord Chancellor sitting in Lincoln's Inn Hall....Fog everywhere." ...
Patrick T. Reardon Chicago Tribune This entertaining social history is just the ticket for Americans who like to read Dickens and other 19th-century novelists...or for anyone who likes to read histories and biographies of that era.
Auteur
Daniel Pool received a doctorate in political science from Brandeis University and a law degree from Columbia University. He lives in New York City.
Texte du rabat
Filled with lively essays and a glossary of obscure terms, this unique reference--organized by subject--is a practical and entertaining compendium of information and insight on this time of debtor prisons, bedlam, and that wonderful disease of sense and sensibility, "putrid fever". Illustrations.
Résumé
Essays provide a view of British life during the nineteenth century.
Échantillon de lecture
The Basics
Currency
Guineas, shillings, half-pence. You know what they are?" Mr. Dombey asks his little son Paul. Paul, Dickens tells us, knew, but the average reader of today is not always likely to be so knowledgeable.
In the 1800s, British money was calculated in units of pounds, shillings, and pence. These were the units of value -- like the American mill, cent, and dollar -- in which all transactions were reckoned, regardless of whether the value was represented by a bookkeeping entry, by coin, by bank notes, or by notations written on a check. The actual physical instruments of currency were paper bank notes and gold, silver, copper, and bronze coins like the sixpence, the crown, the sovereign, the shilling piece, and the penny. Thus, for example, the physical units called pennies were used to measure the value created by an equivalent number of pence. (The guinea, uniquely, was a unit of physical currency that also became an abstract measure of value as well; that is, long after the actual guinea coin itself stopped being minted in the early 1800s, prices for luxury items like good horses and expensive clothes continued to be quoted in guineas as if it were some independent unit of value like the pound.)
Sovereigns and half sovereigns were gold; crowns, half crowns, florins, shillings, sixpences, and threepences were silver; pence, ha'pence, and farthings were copper until 1860, after which they were bronze. The coins were issued by the Royal Mint, but the bank notes got their names from the fact that they were not issued by a government agency but by a bank, in fact -- after the mid-1800s -- only by the bank -- the Bank of England. Until then banks all over the country issued their own bank notes (or promises to pay), which circulated more or less like money. Private banks in the provinces are by one estimate believed to have cranked out about £20,000,000 worth of notes between 1810 and 1815. With the Bank Charter Act of 1844, however, the government gave the Bank of England a monopoly on the issuance of bank notes. As the currency of other banks subsequently disappeared from circulation, "bank note" or "note" in consequence became synonymous with the paper issued by the Bank of England.
To abbreviate their money, Britons used the symbol £ for pound, s. for shilling, and d. for pence, although five pounds, ten shillings, sixpence could be written £5.10.6. "Five and six" meant five shillings and sixpence, and it would have been written "5/6."
It is very difficult to know what a pound or shilling from 1800 to 1859 is worth in 1990s America, and, as any economist will volubly inform you, the fact that the Victorians had no Hondas and we have no candles, i.e., we don't buy the same goods and don't have the same economic needs, makes the purchasing power of the two currencies fundamentally incommensurable. Nonetheless, intrepid estimates in the last ten years have put the pound's worth in the neighborhood of $20, $50 or $200.
The Calendar
London. Michaelmas Term lately over, and the Lord Chancellor sitting in Lincoln's Inn Hall....Fog everywhere."
Yes.
And fog enveloping the reader of Bleak House trying to make out when on earth Michaelmas Term was -- to…