The Great Recoinage of 1696 was an attempt by the English Government under King William III to replace the hammered silver that made up most of the coinage in circulation, much of it being clipped and badly worn.
11-491: Crooked Mile or A Crooked Mile or The Crooked Mile may refer to: Nursery rhyme [ edit ] " There Was a Crooked Man who walked a crooked mile" Arts and entertainment [ edit ] The Crooked Mile (musical) , a 1959 musical and soundtrack The Crooked Mile , a children's film written and directed by Stephen Kane and Joe McKinney A Crooked Mile, episode 3 of The Wolf Among Us The Crooked Mile ,
22-478: A Proclamation was issued, requiring all Receivers and Collectors of the Publick Taxes to take hammer'd Silver Money at five shillings and eight Pence an Ounce. The recoinage was not a financial success. Production tailed off by 1698. It had proved impossible to maintain a system based on gold and silver because of the variation in the bullion value of each metal. In practice this usually meant that silver
33-479: A little crooked house" refers to the fact that the English and Scots had at last come to an agreement, despite the continuing great animosity between the two peoples, who nonetheless had to live with each other due to their common border. The great recoinage around 1696 led to sixpence coins that were made of very thin silver and were easily bent, becoming "crooked". Great Recoinage of 1696 Sterling
44-454: A series of 1989 comics by Philip Bond The Crooked Mile , a 1924 novel by Bernard DeVoto Crooked Mile (album) , a 1987 album by Microdisney "Crooked Mile", a song by Baroness from the 2019 album Gold & Grey Other [ edit ] The nickname for a section on the B194 road passing through Fishers Green north of Waltham Abbey, Essex, England Topics referred to by
55-438: Is different from Wikidata All article disambiguation pages All disambiguation pages There Was a Crooked Man " There Was a Crooked Man " is an English nursery rhyme . It has a Roud Folk Song Index number of 1826. The rhyme was first recorded in print by James Orchard Halliwell in 1842: It gained popularity in the early twentieth century. One legend suggests that this nursery rhyme originated in
66-567: The Treasury to ask the warden of the Royal Mint , Isaac Newton , for help. Branch mints were established at Bristol, Chester, Exeter, Norwich, and York to assist with the work of recoinage. Between 1696 and 1700 the value of silver struck was £5,106,019 (£691 million in 2015) compared to £3,302,193 (£413 million in 2015) coined in the preceding 35 years. Old coin was taken back by weight rather than face value. On 10 June 1696
77-574: The nation's currency. The currency also had a third problem: its value as silver bullion in Paris and Amsterdam was greater than the face value in London, and thus vast quantities of coins were melted and shipped abroad — an arbitrage market. New Acts of Parliament were passed in order to create the Bank of England and protect national monetary security. The situation caused William Lowndes of
88-409: The once prosperous wool merchant's village of Lavenham , about 70 miles northeast of London, having been inspired by its multicolored half-timbered houses leaning at irregular angles as if they are supporting each other. One Lavenham house in particular, 'The Crooked House' is often cited as the inspiration for the rhyme. Other sources state that the poem originates from British history, specifically
99-603: The period of the Scottish Stuart King Charles I of England (reigned 1625–1649). The crooked man is reputed to be the Scottish General Sir Alexander Leslie , who signed a covenant securing religious and political freedom for Scotland . The "crooked stile " in the poem was the alliance between the parliaments of England and Scotland or the border between the two, depending on the source. "They all lived together in
110-421: The same term [REDACTED] This disambiguation page lists articles associated with the title Crooked Mile . If an internal link led you here, you may wish to change the link to point directly to the intended article. Retrieved from " https://en.wikipedia.org/w/index.php?title=Crooked_Mile&oldid=1257171922 " Category : Disambiguation pages Hidden categories: Short description
121-619: Was in disarray in the late 17th century. Hand struck silver coins from prior to 1662 had been clipped around the edges and thus their value (weight) reduced so that they were no longer a viable tender, especially abroad. Since the machine-struck silver coins produced by the Royal Mint in the Tower of London after 1662 were protected from clipping by an engraved, decorated and milled edge, they were instead forged, both by casting from counterfeit moulds and by die stamping from counterfeit dies. By 1696 forged coins constituted approximately 10% of
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