PEEL'S REFORMS 1841-1846 SIGNIFICANCE

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1842 BUDGET
showed peel was pro free trade and showed his national interests // The budget contributed to economic recover as it removed the deficit left by the Whigs and created at 5m surplus // greater volume of trade pushed good forwign relations
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1844 BANK CHARTER ACT
proves the economic expansion that Peel claimed could of never happened // Stabled currency // bankrupcy courts established leadin got greater control of private companies // created a climate of business confidence as banks wouldnt collapse
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1842 MINES ACT
first time adult owmen had been protected // accepted the principle that the industry needed to be regulated // helped to undermine chartism // peel was only prepaired to make small reforms
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THE COMPANIES ACT 1844
stimulated greater investment activity // encouraged public and business confidence
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THE FACTORIES ACT 1844
sugar crisis broke out 10h after initiation // Peel only moderatley redued womens hours as textiles made up 80% of exports // thought prosperity not legislation would be the best way to remove social problems // 10 hour movement not satisfied //
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MAYNOOTH ACT 1845
Peel had already experienced backbench rebellion but maynooth caused larger backbech betrayl
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THE RAILWAY ACT 1844
provided cheap railway travel // increased goverment powers of regulation and inspection // protected theinterests of the poorer classes showing anti-tory democracy
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THE REPEAL OF THE CORN LAWS 1846
considfered as the ultimate betrayl // 'acting on principles of equallity and justice' // casued a tory split - Peelites with Gladstone, Protectionists with Disreali // imporved foreign affairs // stimulated trade // improved lives of WC
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Other cards in this set

Card 2

Front

proves the economic expansion that Peel claimed could of never happened // Stabled currency // bankrupcy courts established leadin got greater control of private companies // created a climate of business confidence as banks wouldnt collapse

Back

1844 BANK CHARTER ACT

Card 3

Front

first time adult owmen had been protected // accepted the principle that the industry needed to be regulated // helped to undermine chartism // peel was only prepaired to make small reforms

Back

Preview of the back of card 3

Card 4

Front

stimulated greater investment activity // encouraged public and business confidence

Back

Preview of the back of card 4

Card 5

Front

sugar crisis broke out 10h after initiation // Peel only moderatley redued womens hours as textiles made up 80% of exports // thought prosperity not legislation would be the best way to remove social problems // 10 hour movement not satisfied //

Back

Preview of the back of card 5
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