Robert Peel Quotes
Something effectual must be done to revive the languishing commerce and manufacturing industry of this country ... We must make this country a cheap country for living.
Robert Peel, 1788–1850, British Prime Minister (Conservative), Speech advocating repeal of the Corn Laws, 1841
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All money has based on the Gold Standard then. But the economic output of the American colonies was increasing rapidly. If the money supply stays fixed, there is a shortage of money and this then inhibits further growth, Franklin realized this and called for an increase in the money supply. He was only 23 years old when he wrote this essay and had these insights.
Sir Robert Peel, 2nd Baronet, FRS was twice Prime Minister of the United Kingdom (1834–1835 and 1841–1846) and twice Home Secretary (1822–1827 and 1828–1830). He is regarded as the father of modern British policing, owing to his founding of the Metropolitan Police Service. Peel was one of the founders of the modern Conservative Party.