Chapter 16 Flashcards
1
Q
When did Peel introduce income tax and what had to be payed?
A
1832- income over £150 payed 7p per £1
2
Q
How much did income tax raise in comparisons to defecit
A
£4 million and defecti was £2.5million
3
Q
What were import duties reduced to on manufactured goods?
A
10%
4
Q
When was the companies act?
A
1844
5
Q
What did companies need to have?
A
Balance sheets and salaries registers
6
Q
How many MPs were company directors of railways
A
90
7
Q
When did Gladstone introduce railway inspections?
A
1840
8
Q
What courts were created?
A
District bankruptcy courts
9
Q
When was the bank charter act?
A
1844
10
Q
What did the Bank of England become in charge of?
A
Issuing bank notes and Monetary policy
