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How successful were Peel's economic and financial reforms in the period 1841-6?

The main focus of Peel's reform was primarily economic and financial, Peel believed these were the
fundamentals to catalyse social reform and make good progress to lift the nation out of economic
crisis. Peel understood the short term…

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instant results in terms of trade and improving employment prospects so continuing it would've
enraged the well-off that were capped by it and further stunted the growth of the economy.

To foster a more stable economic climate in which business activity might readily flourish Peel
introduced the Bank Charter Act…


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