128-609: The Royal Niger Company was a mercantile company chartered by the British government in the nineteenth century. It was formed in 1879 as the United African Company and renamed to National African Company in 1881 and to Royal Niger Company in 1886. In 1929, the company became part of the United Africa Company , which came under the control of Unilever during the 1930s and continued to exist as
256-719: A much more limited form of home rule , opted-out of joining the Free State and remained part of the Union under this limited form of self-government. In light of these changes, the British state was renamed the United Kingdom of Great Britain and Northern Ireland on 12 April 1927 with the Royal and Parliamentary Titles Act . The modern-day United Kingdom is the same state, that is to say a direct continuation of what remained after
384-550: A commitment to the landed aristocracy. He used his London residence as a venue for intimate dinners and private consultations, together with extensive correspondence that kept him in close touch with party leaders in the Commons and with leading figures in the Lords. He gave public rhetorical support to Ultra-Tory anti-reform positions, but then deftly changed positions toward the party's centre, especially when Peel needed support from
512-493: A complete list, see Secretary of State for Foreign and Commonwealth Affairs . The coalition that defeated Napoleon was financed by Britain, and held together at the Congress of Vienna in 1814–1815. It successfully broke Napoleon's comeback attempt in 1815. Castlereagh played a central role at Vienna, along with Austrian leader Klemens von Metternich . While many Europeans wanted to punish France heavily, Castlereagh insisted on
640-595: A constitutional government there and recognising the independence of Spain's American colonies after their wars of independence in 1824. British merchants and financiers and, later, railway builders, played major roles in the economies of most Latin American nations. In the 1825 to 1867 era, widespread public demonstrations, some of them violent, escalated to demand reform. The ruling Tories were dead set against anything smacking of democracy or popular rule and favoured severe punishment of demonstrators, as exemplified by
768-693: A few minor cabinet positions, but his reputation rests on his organising skills and his rhetorical leadership for reform. One historian summarised Bright's achievements: British pound King Charles III [REDACTED] William, Prince of Wales [REDACTED] Charles III ( King-in-Council ) [REDACTED] Starmer ministry ( L ) Keir Starmer ( L ) Angela Rayner ( L ) ( King-in-Parliament ) [REDACTED] Charles III [REDACTED] [REDACTED] [REDACTED] The Lord Reed The Lord Hodge Andrew Bailey Monetary Policy Committee Sterling ( ISO code : GBP )
896-520: A local currency that is pegged to the U.S. dollar or the New Zealand dollar . The Sovereign Base Areas of Akrotiri and Dhekelia (in Cyprus ) use the euro. Since decimalisation on Decimal Day in 1971, the pound has been divided into 100 pence (denoted on coinage, until 1981, as "new pence"). The symbol for the penny is "p"; hence an amount such as 50p (£0.50) properly pronounced "fifty pence"
1024-419: A long process, emphasising the urgent need in 1832 to settle the intense and growing political unrest across Britain. He believed that the respectable classes deserved to have their demands for greater representation met, but he refused to extend political power to the mass of the lower middle class and working class, saying that they were not ready to be trusted with it. He wanted to preserve the basic elements of
1152-521: A major impact on British opinion at the time and on history ever since as a symbol of officialdom brutally suppressing a peaceful demonstration thinking mistakenly that it was the start of an insurrection. The Ultra-Tories peaked in strength about 1819–1822 then lost ground inside the Tory Party. They were defeated in important breakthroughs that took place in the late 1820s in terms of tolerating first dissenting Protestants. An even more decisive blow
1280-572: A mild peace, with the Kingdom of France to pay 700 million livre in indemnities and lose the territory seized after 1791. He realised that harsher terms would lead to a dangerous reaction in France, and now that the conservative old-fashioned Bourbons were back in power, they were no longer a threat to attempt to conquer all of Europe. Indeed, Castlereagh emphasised the need for a " balance of power ", whereby no nation would be powerful enough to threaten
1408-399: A penny", "two and a penny", etc. 5 shillings, for example, was written as "5 s ." or, more commonly, "5/–" (five shillings, no pence). Various coin denominations had, and in some cases continue to have, special names, such as florin (2/–), crown (5/–), half crown (2/6 d ), farthing ( 1 ⁄ 4 d ), sovereign (£1) and guinea (21s, 21/–, £1–1–0 or £1.05 in decimal notation). By
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#17327808869821536-541: A popular revolution along the French model, employed severe repression. In the mid-1820s, however, as popular unrest increased, the government made a series of dramatic changes. The more liberal among the Tories rejected the ultraconservative "Ultra Tory" faction. The party split, key leaders switched sides, the Tories lost power, and the more liberally minded opposition Whigs took over. The Tory coalition fell apart, and it
1664-526: A subsidiary of Unilever until 1987, when it was absorbed into the parent company. The company existed for a comparatively short time (1879–1900) but was instrumental in the formation of Colonial Nigeria , as it enabled the British Empire to establish control over the lower Niger against the German competition led by Bismarck during the 1890s. In 1900, the company-controlled territories became
1792-632: A successful campaign against the Corn Laws. These were tariffs on imported food that kept up the price of grain to placate Tory landowners. The major factor in the cost of living was the price of food , and the Corn Laws kept the price high. Bright was a powerful speaker, which boosted him to election to parliament in 1843. His radical program included extension of the suffrage, land reform and reduction of taxation. He opposed factory reforms, labour unions and controls on hours For workers, women and children, arguing that government intervention in economic life
1920-495: A uniform fashion, and city officials were elected by the local taxpayers. By far the most important of the reforms was the democratisation of Parliament, which began in a small but highly controversial fashion in 1832 with the Reform Act of 1832 . The main impact was to drastically reduce the number of very small constituencies , with only a few dozen voters under the control of a local magnate. Industrial cities gained many of
2048-838: A watered-down reform. He routinely gave the same advice to foreign governments. Diplomats across Europe took careful note of his move from the Tories to the Whigs, and suspected him of sympathy with the reform movements which were setting off upheavals in France, Belgium and elsewhere, and which frightened the reactionary governments of the major powers Russia, Austria and Russia. In reality he drew his foreign policy ideals from Canning. His main goals were to promote British strategic and economic interests worldwide, remain aloof from European alliances, mediate peace in Europe and use British naval power sparingly as needed. He worried most about France as an adversary, although he collaborated with them as in securing
2176-417: Is often pronounced "fifty pee" /fɪfti piː/. The old sign d was not reused for the new penny in order to avoid confusion between the two units. A decimal halfpenny ( 1 / 2 p, worth 1.2 old pennies) was issued until 1984 but was withdrawn due to inflation . Before decimalisation in 1971 , the pound was divided into 20 shillings , and each shilling into 12 pence , making 240 pence to
2304-615: Is the central bank for sterling, issuing its own banknotes and regulating issuance of banknotes by private banks in Scotland and Northern Ireland. Sterling banknotes issued by other jurisdictions are not regulated by the Bank of England; their governments guarantee convertibility at par . Historically, sterling was also used to varying degrees by the colonies and territories of the British Empire . There are various theories regarding
2432-469: Is the currency of the United Kingdom and nine of its associated territories. The pound ( sign: £ ) is the main unit of sterling, and the word pound is also used to refer to the British currency generally, often qualified in international contexts as the British pound or the pound sterling . Sterling is the world's oldest currency in continuous use since its inception. In 2022, it
2560-609: The Acts of Union in 1801. It continued in this form for over a century. In 1927, it evolved into the United Kingdom of Great Britain and Northern Ireland , after the Irish Free State gained a degree of independence in 1922. The United Kingdom, from its islands off the coast of Europe, financed the coalition that defeated France during the Napoleonic Wars , and further developed its dominant Royal Navy enabling
2688-655: The Allied and Associated Powers including the British Empire, France, Russia, Italy and the U.S. against the Central Powers of Germany, Austria-Hungary and the Ottoman Empire . The deadliest conflict in human history up to that point, the war ended in an Allied victory in November 1918 but inflicted a massive cost to British manpower, materiel and treasure. Growing desire for Irish self-governance led to
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#17327808869822816-580: The British Empire to become the foremost world power for the next century. For nearly a century from the final defeat of Napoleon following the Battle of Waterloo to the outbreak of World War I , Britain was almost continuously at peace with Great Powers . The most notable exception was the Crimean War with the Russian Empire , in which actual hostilities were relatively limited. However,
2944-603: The British Empire . Industrial Revolution accelerated, with textile mills joined by iron and steel, coal mining, railroads and shipbuilding. The second British Empire, founded after the loss of the Thirteen Colonies in the American Revolutionary War of the 1770s, was dramatically expanded in India , other parts of Asia, and Africa. There was little friction with other colonial powers until
3072-477: The British Isles , but it was smaller in terms of industry, finance, mercantile marine and naval strength. Napoleon expected that cutting Britain off from Continental Europe would end its economic hegemony. On the contrary Britain possessed the greatest industrial capacity in the world, and its mastery of the seas allowed it to build up considerable economic strength through trade to its possessions and
3200-608: The British government being overcome, a charter was at length granted (July 1886), the National African Company becoming The Royal Niger Company Chartered and Limited (normally shortened to the Royal Niger Company), with Lord Aberdare as governor and Goldie as vice-governor. It was, however, evidently impossible for a chartered company to hold its own against the state-supported protectorates of France and Germany , and in consequence its charter
3328-677: The Continental System . This policy aimed to eliminate the threat from the British by closing French-controlled territory to foreign trade. The British Army remained a minimal threat to France; it maintained a standing strength of just 220,000 men at the height of the Napoleonic Wars, whereas the French Imperial Army exceeded a million men—in addition to the armies of numerous allies and several hundred thousand national guardsmen that Napoleon could draft into
3456-517: The Crimean War against the Russian Empire in the 1850s. That war was strictly limited in terms of scope and impact. The major result was the realisation that military medical services needed urgent reform, as advocated by the nursing leader Florence Nightingale . British diplomats, led by Lord Palmerston , promoted British nationalism, opposed reactionary regimes on the continent, helped the Spanish colonies to free themselves and worked to shut down
3584-518: The French Revolution in 1793. Historians find that the violent radical element was small and weak; there were a handful of small conspiracies involving men with few followers and careless security; they were quickly suppressed. Nevertheless, techniques of repression included the suspension of Habeas Corpus in 1817 (allowing the government to arrest and hold suspects without cause or trial). Sidmouth 's Gagging Acts of 1817 heavily muzzled
3712-532: The Industrial Revolution progressed, society changed, becoming more urban. The postwar period saw an economic slump, and poor harvests and inflation caused widespread social unrest. British leadership was intensely conservative, ever watchful of signs of revolutionary activity of the sort that had so deeply affected France. Historians have found very few signs, noting that social movements such as Methodism strongly encouraged conservative support for
3840-680: The Irish War of Independence almost immediately after the conclusion of World War I, which resulted in British recognition of the Irish Free State in 1922. Although the Free State was explicitly governed under dominion status and thus was not a fully independent polity, as a dominion it was no longer considered to be part of the United Kingdom and ceased to be represented in the Westminster Parliament . Six northeastern counties in Ireland, which since 1920 were being governed under
3968-579: The Peterloo Massacre in Manchester in 1819. The Tory ranks were cracking, however, especially when Robert Peel (1788–1830) broke away on several critical issues. Nevertheless, the Whig party gets most of the credit. The middle classes, often led by nonconformist Protestants, turned against the Tories and scored the greatest gains. For example, symbolic restrictions on nonconformists called
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4096-824: The Principality of Elba , peace appeared to have returned. Napoleon suddenly reappeared in 1815. The Allies united and the armies of Wellington and Gebhard Leberecht von Blücher defeated Napoleon once and for all at the Battle of Waterloo . To defeat France, Britain put heavy pressure on the United States , seizing merchant ships suspected of trading with France, and impressing sailors (conscription) born in Britain, regardless of their claimed American citizenship . British government agents armed Indigenous American tribes in Canada that were raiding American settlements on
4224-646: The Southern Nigeria Protectorate , which was in turn united with the Northern Nigeria Protectorate to form the Colony and Protectorate of Nigeria in 1914 (which eventually gained independence within the same borders as Nigeria in 1960). The Royal Niger Company was eventually integrated into Unilever . Richard Lander first explored the area of Nigeria as the servant of Hugh Clapperton . In 1830, he returned to
4352-525: The Test Acts were abolished in 1828 . Much more controversial was the repeal of severe discrimination against Roman Catholics after the Irish Catholics organised, and threatened rebellion, forcing major concessions in 1829 . Financial reform, led by William Huskisson and Peel, rationalised the tariff system, and culminated in the great repeal of the tariffs on imported grain in 1846, much to
4480-444: The United Africa Company . The United Africa Company came under the control of Unilever in the 1930s and continued to exist as a subsidiary of Unilever until 1987, when it was absorbed into the parent company. United Kingdom of Great Britain and Ireland The United Kingdom of Great Britain and Ireland was the union of the Kingdom of Great Britain and the Kingdom of Ireland into one sovereign state , established by
4608-509: The frontier . The Americans felt humiliated and demanded war to restore their honour, despite their complete unpreparedness. The War of 1812 was a minor sideshow to the British, but the American army performed very poorly, and was unable to successfully attack Canada. In 1813, the Americans took control of Lake Erie and thereby of western Ontario , knocking most of the Indian tribes out of
4736-566: The independence of Belgium from the Kingdom of the Netherlands . He much preferred liberal and reform-oriented nations to reactionary powers. He placed a high priority on building up British strength in India, He spoke often of pride in British nationalism, which found favour in public opinion and gave him a strong basis of support outside Parliament. Jeremy Bentham (1748–1832) was an intellectual who focused on reforming English law . He
4864-539: The "betrayal" of the working classes and the "sacrificing" of their "interests" by the "misconduct" of the government. In 1838, Chartists issued the People's Charter demanding manhood suffrage, equal-sized election districts, voting by ballots, payment of Members of Parliament (so that poor men could serve), annual Parliaments, and abolition of property requirements. The ruling class saw the movement as dangerous. Multiple large peaceful meetings across England demanded change but
4992-503: The 1790–1815 period there was an improvement in morals caused by the religious efforts by evangelicals inside the Church of England, and Dissenters or Nonconformist Protestants as people: became wiser, better, more frugal, more honest, more respectable, more virtuous, than they ever were before." Wickedness still flourished, but the good were getting better, as frivolous habits were discarded for more serious concerns. The leading moralist of
5120-469: The 1890s. British foreign policy avoided entangling alliances. Britain from the 1820s to the 1860s experienced a turbulent and exciting "age of reform". The century started with 15 years of war against France, ending in Wellington's triumph against Napoleon in 1815 at Waterloo. There followed 15 difficult years, in which the Tory Party, representing a small, rich landed aristocracy that was fearful of
5248-657: The 1950s, coins of Kings George III , George IV and William IV had disappeared from circulation, but coins (at least the penny) bearing the head of every British monarch from Queen Victoria onwards could be found in circulation. Silver coins were replaced by those in cupro-nickel in 1947, and by the 1960s the silver coins were rarely seen. Silver/cupro-nickel sixpences, shillings (from any period after 1816) and florins (2 shillings) remained legal tender after decimalisation (as 2½p, 5p and 10p respectively) until 1980, 1990 and 1993 respectively, but are now officially demonetised. The pound sterling emerged after
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5376-509: The 1960s and 1970s who argued against deep meanings of Whiggish progress because each of the reforms was relatively minor in itself. Historian Richard Davis concludes that the scholarship of the 1970s represented "a vindication of the main outlines of the old " Whig interpretation ." That is, the Reform Act of 1832 was a response to mounting popular pressure. It was "the culmination of a long historical process, and an important turning point in
5504-469: The Bank of England has exclusively used the single bar variant since 1975. Historically, a simple capital L (in the historic black-letter typeface, L {\displaystyle {\mathfrak {L}}} ) placed before the numerals, or an italic l. after them, was used in newspapers, books and letters. The Royal Mint was still using this style of notation as late as 1939. The glyphs Ł and Ⱡ may occasionally be encountered. Use of
5632-521: The British Empire, in practice, these governments were permitted greater management of their own internal affairs, with Britain remaining primarily responsible for their foreign and trade policies. Rapid industrialisation that began in the decades prior to the state's formation continued up until the mid-19th century. The Great Irish Famine , exacerbated by government inaction in the mid-19th century, led to demographic collapse in much of Ireland and increased calls for Irish land reform . The 19th century
5760-518: The British Empire. In response, London began to cooperate with Japan , France and Russia, and moved closer to the United States . Although not formally allied with any of these powers, by 1914 British policy had all but committed to declaring war on Germany if the latter attacked France. This was realized in August 1914 when Germany invaded France via Belgium , whose neutrality had been guaranteed by London. The ensuing First World War eventually pitted
5888-518: The Chartists were unable to force serious constitutional debate. In July 1839, however, the House of Commons rejected, by 235 votes to 46, a motion to debate the Chartists' national petition, bearing 1.3 million signatures. Historians see Chartism as both a continuation of the 18th century fight against corruption and as a new stage in demands for democracy in an industrial society. Prime ministers of
6016-765: The Empire with the Slavery Abolition Act 1833 . The government purchased all the slaves for £20,000,000 (the money went to rich plantation owners who mostly lived in England), and freed the slaves, most of whom were in the Caribbean sugar islands. The Whigs became champions of Parliamentary reform by making the Reform Act of 1832 their signature measure. It sharply reduced the numbers of "rotten borough" and "pocket boroughs" (where elections were controlled by powerful families), and instead redistributed seats on
6144-472: The French armies when they were needed. Although the Royal Navy effectively disrupted France's extra-continental trade—both by seizing and threatening French shipping and by seizing French colonial possessions—it could do nothing about France's trade with the major continental economies and posed little threat to French territory in Europe. France's population and agricultural capacity far outstripped that of
6272-532: The Government is rising by its side, nay, daily counteracting its views." The Duke of Wellington, Britain's most famous war hero, told Peel, "If we cannot get rid of the Catholic Association, we must look to Civil War in Ireland sooner or later." Peel and Wellington agreed that to stop the momentum of the Catholic Association it was necessary to pass Catholic emancipation , which gave Catholics
6400-537: The Irish Free State's secession, as opposed to being an entirely new successor state . A brief period of limited independence for the Kingdom of Ireland came to an end following the Irish Rebellion of 1798 , which occurred during the British war with revolutionary France . The Kingdom of Great Britain 's fear of an independent Ireland siding against them with Revolutionary France resulted in
6528-457: The League's money was not frequently debased like that of England, English traders stipulated to be paid in pounds of the "Easterlings", which was contracted to "'sterling". The OED dismisses this theory as unlikely, since the stressed first syllable would not have been elided. Encyclopædia Britannica states that the (pre-Norman) Anglo-Saxon kingdoms had silver coins called sterlings and that
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#17327808869826656-526: The NAC's over 400 treaties with local leaders obliged the natives to trade solely with or through the company's agents. Large tariffs and license fees eliminated competing firms from the area. The terms of these private contracts were made into general treaties by the British consuls, whose own treaties expressly incorporated them. Similarly, when King Jaja of Opobo organized his own trading network and even began running his own shipments of palm oil to Britain, he
6784-538: The Niger River during the negotiations at the 1884–1885 Berlin Conference on African colonization . Goldie himself attended the meetings and successfully argued for including the region of the NAC's operations within a British sphere of interest. Pledges from him and the British diplomats that free trade (or, in any case, non-discriminatory tariff rates) would be respected in their territory were dead letters:
6912-493: The Parliamentary level, there was a reorganisation of the governmental system in the rapidly growing cities, putting a premium on modernisation and expertise, and large electorates as opposed to small ruling cliques. A rapidly growing middle class, as well as active intellectuals, broaden the scope of reform to include humanitarian activities such as a new poor law and factory laws to protect women and children workers. In
7040-822: The Protestant faith, and his lack of support for the initiative led the Prime Minister, William Pitt the Younger , to resign. During the War of the Second Coalition (1799–1801), Britain occupied most of the French and Dutch overseas possessions , the Netherlands having become a satellite state of France in 1796, but tropical diseases claimed the lives of over 40,000 troops. When the Treaty of Amiens ended
7168-505: The Roman libra , solidus , and denarius . Notable style guides recommend that the pound sign be used without any abbreviation or qualification to indicate sterling (e.g., £12,000). The ISO 4217 code "GBP" (e.g., GBP 12,000) may also be seen should disambiguation become necessary. The ISO 4217 currency code for sterling is "GBP", formed from the ISO 3166-1 alpha-2 code for
7296-410: The UAC's outpost at Onitsha in 1879 was repulsed with help from HMS Pioneer , but the Gladstone administration subsequently denied Goldie's attempt to procure a government charter in 1881, on the grounds that the international rivalry might occasion unnecessary conflict and that the united firm was undercapitalized for the expense of genuine colonial administration. Goldie first began addressing
7424-476: The United Kingdom ("GB") and the first letter of "pound". In historical sources and some specialist banking uses, the abbreviation stg (in various styles) has been used to indicate sterling. Many stocks on the London Stock Exchange are quoted in penny sterling, using the unofficial code "GBX". The exchange rate of sterling against the US dollar is referred to as "cable" in the wholesale foreign exchange markets . The origins of this term are attributed to
7552-462: The United Kingdom did engage in extensive wars in Africa and Asia , such as the Opium Wars with the Qing dynasty , to extend its overseas territorial holdings and influence. Britain's empire was expanded into most parts of Africa and much of South Asia. The Colonial Office and India Office ruled through a small number of administrators who managed the units of the empire locally, while local institutions began to develop. British India , by far
7680-413: The United States. The Spanish uprising in 1808 at last permitted Britain to gain a foothold on the Continent. The Duke of Wellington gradually pushed the French out of Spain, and in early 1814, as Napoleon was being driven back in the east by the Royal Prussian Army , the Imperial Austrian Army , and the Imperial Russian Army , Wellington invaded southern France. After Napoleon's surrender and exile to
7808-441: The United States. The trend of emigration would continue in Ireland for decades and Ireland's population has never recovered to its pre-famine levels. The Irish language was almost wiped out. The failure of the British government to respond to the crisis in the eyes of the Irish people would lead to a growth in resentment of Britain and a rise in Irish nationalism . The famine is remembered in Ireland to this day as oppression by
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#17327808869827936-571: The Whig coalition in 1830. The Tories despised him thereafter as a turncoat, and many of the more radical Whigs were distrustful of his basically conservative views that saw him fainthearted about or opposed to reform measures. He typically warned on the one hand against delays and on the other hand against excessive enthusiasm for reforms, preferring compromise. He was keenly sensitive to public opinion, and indeed often shapes it through his dealings with newspaper editors. When he sensed that public demand had reached an unstoppable momentum, he would work for
8064-409: The Whigs to demand for civil and religious equality. Grievances included a 1753 law that to be legally recognised marriage had to take place in the Anglican parish church . The Anglican parish register was the only legally accepted birth documentation. The Anglican parish controlled the only religious burial grounds. The Universities of Oxford and Cambridge had to reject non-Anglican applicants. At
8192-435: The Williams Brothers' and James Pinnock's firms into a single United African Company ; he then acted as the combined firm's agent in the territory. Almost immediately, the firm saw renewed competition as two French firms—the French Equatorial African Association and the Senegal Company —and another English one—the Liverpool and Manchester Trading Company —begin establishing posts on the river as well. A native attack on
8320-456: The administration's concerns by increasing the company's capitalization to £100 000. He then managed to corral £ 1 000 000 in investments in a new concern—the National African Company —which bought up the UAC and its interests in 1882. The death of Léon Gambetta the same year deprived the French companies of their support within the French government and the strong subsidies it had been providing them. Goldie's cash-flush NAC
8448-417: The adoption of the Carolingian monetary system in England c. 800 . Here is a summary of changes to its value in terms of silver or gold until 1816. The pound was a unit of account in Anglo-Saxon England . By the ninth century it was equal to 240 silver pence . The accounting system of dividing one pound into twenty shillings , a shilling into twelve pence, and a penny into four farthings
8576-468: The aristocracy in terms of its control of the House of Commons. However, it ran the government: of the ten prime ministers under Victoria, six were peers. The seventh was the son of a duke. Two (Peel and Gladstone) emerged from the business community and only one (Disraeli) was a self-made man . Of the 227 cabinet members between 1832 and 1905, 139 were sons of peers. Field Marshal Arthur Wellesley, 1st Duke of Wellington , who defeated Napoleon, served as
8704-498: The basis of population. It also broadened the franchise, adding 217,000 voters to an electorate of 435,000 in England and Wales . The main effect of the act was to weaken the power of the landed gentry , and enlarge the power of the professional and business middle-class , which now for the first time had a significant voice in Parliament. However, at this point the great majority of manual workers, clerks and farmers did not have enough property to qualify to vote. Many of them received
8832-426: The common phrase "quids in"). Its origin is unknown: possible derivations include scudo , the name for a number of currency units used in Italy until the 19th century, introduced by Italian immigrants; or from Latin quid via the common phrase quid pro quo , literally, "what for what", or, figuratively, "An equal exchange or substitution". The term "nicker" (also both singular and plural) may also refer to
8960-417: The compound noun pound sterling was derived from a pound (weight) of these sterlings. The English word pound derives from the Latin expression lībra pondō , in which lībra is a noun meaning 'pound' and pondō is a noun, in the ablative case , meaning 'by weight'. The currency sign for the pound unit of sterling is £ , which (depending on typeface) may be drawn with one or two bars :
9088-478: The conquest of Europe the way Napoleon had. Vienna ushered in a century of peace, with no great wars and few important localised ones until the Crimean War (1853–1856). Prussia, Austria, and Russia, as absolute monarchies , tried to suppress liberalism wherever it might occur. Britain first took a Reactionary position at the Congress of Vienna in 1815, but relented and broke ranks with the absolute monarchies by 1820. Britain intervened in Portugal in 1826 to defend
9216-618: The country until his death in 1861. He opposed the failed Niger expedition of 1841 but the success of the Pleiad' s first mission in 1854 led to annual trips under Baikie and the 1857 foundation of Lokoja at the Niger–Benue confluence. There were no voyages for the three years following Laird's death, but the establishment of the West African Company was soon followed by several other firms. The competition reduced prices to
9344-572: The decision to unite the two countries. This was brought about by legislation in the parliaments of both kingdoms and came into effect on 1 January 1801. The Irish had been led to believe by the British that their loss of legislative independence would be compensated with Catholic emancipation , that is, by the removal of civil disabilities placed upon Roman Catholics in both Great Britain and Ireland . Despite personal sympathy for Roman Catholics, King George III believed that agreeing to Catholic Emancipation would violate his Coronation Oath to uphold
9472-468: The dismay of grain farmers. The 1846 repeal of the Corn Laws established free trade as the basic principle by which British merchants came to dominate the globe, and brought cheap food to British workers. A depoliticised civil service based on merit replaced patronage policies rewarding jobs for partisan efforts. Efficiency was a high priority in government, with the goal of low taxation. Overall, taxation
9600-439: The emergence of a more liberal and broadly based political system… it deserves its old designation of 'Great.'" David Thompson has stressed the revolutionary nature of the entire package of reforms: Chartism was a large-scale popular protest movement that emerged in response to the failure of the 1832 Reform Bill to give the vote to the working class. It lacked middle-class support, and it failed repeatedly. Activists denounced
9728-473: The era, William Wilberforce , saw everywhere "new proofs presenting themselves of the diffusion of religion". Nonconformists, including Presbyterians , Congregationalists , the Baptists and the rapidly-growing Methodist denomination , as well as Quakers , Unitarians and smaller groups. They were all outside the established Church of England (except in Scotland, where the established Church of Scotland
9856-441: The event as an opening battle against revolutionaries. In reaction Lord Liverpool 's government passed the " Six Acts " in 1819. They prohibited drills and military exercises; facilitated warrants for the search for weapons; outlawed public meetings of more than 50 people, including meetings to organise petitions; put heavy penalties on blasphemous and seditious publications; imposing a fourpenny stamp act on many pamphlets to cut down
9984-490: The existing constitution by removing obvious abuses, thinking that this would strengthen aristocratic leadership. He persuaded the king to promise to create enough new peers to force the bill through the House of Lords. The king made the promise while also advising the peers to stop blocking the bill. The Reform Act was Grey's principal achievement; it reflects his pragmatic, moderate and conservative character, as well as his parliamentary skills of timing and persuasion. His cabinet
10112-496: The face of determined House of Commons action. After defeating the first two versions of the Reform Act of 1832, the Whigs got the King to agree to appoint as many new peers as was necessary to change the outcome. He promised to do so, but convinced the Lords it would be much wiser for them to approve the law. A weak ruler as regent (1811–1820) and king (1820–1830), George IV let his ministers take full charge of government affairs. He
10240-430: The fact that from the mid-19th century, the sterling/dollar exchange rate was transmitted via transatlantic cable. Historically almost every British coin had a widely recognised nickname, such as "tanner" for the sixpence and "bob" for the shilling . Since decimalisation these have mostly fallen out of use except as parts of proverbs. A common slang term for the pound unit is " quid " (singular and plural, except in
10368-461: The flow on news and criticism. Offenders could be harshly punished including exile in Australia . In practice the laws were designed to deter troublemakers and reassure conservatives; they were not often used. One historian would write: "Peterloo was a blunder; it was hardly a massacre." It was a serious mistake by local authorities who did not understand what was happening. Nevertheless, it had
10496-466: The international slave trade. It was a time of prosperity, population growth and better health, except in Ireland where over one million deaths were caused by the Great Famine when the potato crop failed in the 1840s. The Government did little to help the starving poor in Ireland. Along with the one million deaths, another one million would emigrate in a few short years, mostly to Britain and to
10624-401: The key legal, political, economic and social reforms of the 1830s and 1840s. He especially influenced the reform of education, prisons, poor laws, legal procedures and Parliamentary representation. John Bright (1811–1889) built on his middle-class Quaker heritage and his collaboration with Richard Cobden to promote all varieties of humanitarian and parliamentary reform. They started with
10752-509: The king. The fiasco helped ruin the prestige of the monarchy and it recovered a fraction of the power wielded by King George III in his saner days. Historian Eugene Black says: The Ultra-Tories were the leaders of reaction and seemed to dominate the Tory Party , which controlled the government. Every untoward event seemed to point to a conspiracy on the left which necessitated more repression to head off another terror such as happened in
10880-530: The leader of the Conservative party in the House of Lords, 1828–1846. Some writers have belittled him as a befuddled reactionary, but a consensus reached in the late 20th century depicts him as a shrewd operator who hid his cleverness behind the facade of a poorly-informed old soldier. Wellington worked to transform the Lords from unstinting support of the Crown to an active player in political manoeuvring, with
11008-491: The letter ⟨L⟩ for pound derives from medieval Latin documents: "L" was the abbreviation for libra , the Roman pound (weight), which in time became an English unit of weight defined as the tower pound . A "pound sterling" was literally a tower pound (weight) of sterling silver . In the British pre-decimal ( duodecimal ) currency system, the term £sd (or Lsd) for pounds, shillings and pence referred to
11136-598: The local level, everyone who lived in the boundaries of an Anglican church was required to pay taxes to support the parish. The Test and Corporation laws required all national and local government officials had to attend Anglican church services. In February 1828, Whig leader Lord John Russell , presented petitions assembled by the main Nonconformist pressure group, the United Committee, which represented Congregationalist, Baptists and Unitarians. Their demand
11264-484: The majority. The great Reform Act 1832 came at a time of intense public and elite anxiety and broke the logjam. The parliamentary system, based on a very small electorate and large numbers of seats that were tightly controlled by a small elite, was radically reformed. For the first time the growing industrial cities had representation in Parliament. This opened the way for another decade of reform that culminated in
11392-548: The mobilisation of all possible support in each constituency; about 80% of the men voted. The Tories discovered that their conservatism had an appeal to skilled workers, and also to women, hundreds of thousands of whom were organised by the Primrose League . Women's suffrage was not on the agenda. The abolition of the House of Lords , while often discussed, was never necessary because the upper house repeatedly retreated in
11520-872: The most important overseas possession, saw a short-lived revolt in 1857. In overseas policy, the central policy was free trade , which enabled British financiers and merchants to operate successfully in many otherwise independent countries, as in South America. Beginning in earnest in the second half of the nineteenth century, the Imperial government granted increasing levels of autonomy to locally elected governments in colonies where white settlers had become demographically or politically dominant, with this process eventually resulting in Canada , Australia , New Zealand , Newfoundland and South Africa becoming self-governing dominions . While these dominions remained part of
11648-569: The opposition newspapers; the reformers switched to pamphlets and sold 50,000 a week. In industrial districts in 1819, factory workers demanded better wages, and demonstrated. The most important event was the Peterloo Massacre in Manchester , on 16 August 1819, when a local militia unit composed of landowners charged into an orderly crowd of 60,000 which had gathered to demand the reform of parliamentary representation. The crowd panicked and eleven died and hundreds were injured. The government saw
11776-597: The origin of the word "sterling". The Oxford English Dictionary states that the "most plausible" etymology is a derivation from the Old English steorra for "star" with the added diminutive suffix -ling , to yield "little star". The reference is to the silver penny used in Norman England in the twelfth century, which bore a small star. Another theory holds that the Hanseatic League
11904-496: The period included: William Pitt the Younger , Lord Grenville , Duke of Portland , Spencer Perceval , Lord Liverpool , George Canning , Lord Goderich , Duke of Wellington , Lord Grey , Lord Melbourne , Lord Palmerston and Robert Peel . The aristocracy remained dominant: there were 200 hereditary peers in the House of Lords in 1860; by 1837 they numbered 428; in 1901, there were 592. The number rose to 622 by 1910. Reform legislation in 1832, 1867, 1884 and 1918 weakened
12032-563: The point that profits were minimal. Arriving in the region in 1877, George Goldie argued for the amalgamation of the surviving British firms into a single monopolistic chartered company , a method contemporaries supposed had been buried with the ultimate failure of the East India Company following the Sepoy Rebellion . By 1879, he had helped combine James Crowther's WAC, David Macintosh's Central African Company , and
12160-454: The political and social status quo. The major constitutional changes included a reform of Parliament, and a sharp decline in the power and prestige of the monarchy. The Prince regent, on becoming King George IV in 1820 asked Parliament to divorce his wife Queen Caroline of Brunswick so that he could marry his favourite lover. Public and elite opinion strongly favoured the Queen and ridiculed
12288-554: The pound. The currency of all the Crown Dependencies ( Guernsey , Jersey , Isle of Man ) and a third of British Overseas Territories ( British Antarctic Territory ; Falkland Islands and South Georgia and the South Sandwich Islands ; Gibraltar ; and Saint Helena, Ascension and Tristan da Cunha ) is either sterling or pegged to sterling at par. The other British Overseas Territories have
12416-549: The pound. The symbol for the shilling was " s ." – not from the first letter of "shilling", but from the Latin solidus . The symbol for the penny was " d .", from the French denier , from the Latin denarius (the solidus and denarius were Roman coins). A mixed sum of shillings and pence, such as 3 shillings and 6 pence, was written as "3/6" or "3 s . 6 d ." and spoken as "three and six" or "three and sixpence" except for "1/1", "2/1" etc., which were spoken as "one and
12544-513: The reign of King Offa of Mercia (757–796), who introduced a "sterling" coin made by physically dividing a Tower pound (5,400 grains, 349.9 grams) of silver into 240 parts. In practice, the weights of the coins were not consistent, 240 of them seldom added up to a full pound; there were no shilling or pound coins and these units were used only as an accounting convenience . Halfpennies and farthings worth 1 ⁄ 2 and 1 ⁄ 4 penny respectively were also minted, but small change
12672-518: The repeal of the Corn Laws in 1846—ending the tariff on imported grain that kept prices high for the landed aristocracy. Repeal was heavily promoted by the Anti-Corn Law League , grass roots activists led by Richard Cobden and based in the industrial cities; they demanded cheap food. There were a series of reforms of the electoral laws, expanding the number of male voters and reducing the level of corruption. The reactionary Tory element
12800-539: The river with his brother John ; in 1832, he returned again (without his brother) to establish a trading post for the African Steamship Company " at the confluence of the Niger and Benue rivers. The expedition failed, with 40 of the 49 members dying of fever or wounds from native attacks. One of the survivors, Macgregor Laird , subsequently remained in Britain but directed and funded expeditions to
12928-504: The seats but were still significantly underrepresented in Parliament. The 1831–1832 battle over parliamentary reform was, "a year probably unmatched in English history for the sweep and intensity of its excitement." Every few years an incremental enlargement of the electorate was made by Parliament, reaching practically all male voters by the 1880s, and all the women by 1928. Both parties introduced paid professional organisers who supervised
13056-463: The upper house. Wellington's success was based on the 44 peers elected from Scotland and Ireland, whose election he controlled. Charles Grey, 2nd Earl Grey had promoted reform of Parliament since the 1790s, always to be defeated by the Ultra-Tories. The breakthrough came in his success in passage of the Reform Act of 1832. He sought this as the final step of reform, rather than a first step in
13184-520: The vote and the right to sit in Parliament. That happened in 1829 using Whig support. Passage demonstrated that the veto power long held by the ultra-Tories no longer was operational, and significant reforms were now possible across the board. The stage was set for the Age of Reform. The era of reform came in a time of peace, guaranteed in considerable part by the overwhelming power of the Royal Navy. Britain engaged in only one serious war between 1815 and 1914,
13312-433: The vote in 1867. The aristocracy continued to dominate the Church of England, the most prestigious military and naval posts, and high society, but not business, industry or finance. In terms of national governmental policy, the democratic wishes of the entire people had become decisive. Most historians emphasise the central importance of the legislation of the 1830s–60s, although there was a dissenting minority of scholars in
13440-535: The war, Britain agreed to return most of the territories it had seized. The peace settlement was in effect only a ceasefire, and Napoleon continued to provoke the British by attempting a trade embargo on the country and by occupying the city of Hanover , capital of the Electorate , a German-speaking duchy of the Holy Roman Empire which was in a personal union with the United Kingdom. In May 1803, war
13568-533: The war. When Napoleon surrendered for the first time in 1814, three separate forces were sent to attack the Americans in upstate New York , along the Maryland coast (burning Washington but getting repulsed at Baltimore ), and up the Mississippi River to a massive defeat at the Battle of New Orleans . Each operation proved a failure with the British commanding generals killed or in disgrace. The war
13696-554: Was Presbyterian ), They proclaimed a devotion to hard work, temperance, frugality and upward mobility, with which historians today largely agree. A major Unitarian magazine, the Christian Monthly Repository asserted in 1827: The Nonconformists suffered under a series of disabilities, some of which were symbolic and others were painful, and they were all deliberately imposed to weaken the dissenting challenge to Anglican orthodoxy. The Nonconformists allied with
13824-579: Was Robert Peel , who suddenly reversed himself on the Catholic issue and was roundly denounced and permanently distrusted by the Ultra Tory faction of die-hards. Earl Grey , prime minister from 1830 to 1834, and his rejuvenated Whig Party enacted a series of major reforms: the poor law was updated, child labour restricted and, most important, the Reform Act 1832 refashioned the British electoral system. In 1832 Parliament abolished slavery in
13952-515: Was a coalition of diverse interests, so in 1834 when it divided over the Irish church question he resigned. Henry John Temple, 3rd Viscount Palmerston played the dominant role in shaping British foreign-policy as Foreign Secretary (1830–1834, 1835–1841 and 1846–1851) and as prime minister (1855–1858, 1859–1865). He served as Secretary at War in Tory governments for two decades, but switched over to
14080-492: Was a deeply unpopular playboy. When he tried to get Parliament to pass a law allowing him to divorce his wife Queen Caroline , public opinion strongly supported her. After four decades of rule by Pittites and Tories the first breakthrough in reform came in the removal by a Tory government of restrictions on the careers of Protestant Nonconformists in the repeal in 1828 of the laws that required Anglican church membership for many academic and government positions. Much more intense
14208-471: Was a leading promoter of utilitarianism as a working philosophy of action. The "greatest happiness principle", or the principle of utility , forms the cornerstone of Bentham's thought. By "happiness", he understood a predominance of "pleasure" over "pain". He is best known for his inspiration of the radical forces, helping them define those reforms that were most urgently needed and how they could be implemented. His intellectual leadership helped achieve many of
14336-819: Was a necessity for the rapidly growing industrial cities still labouring under a hodgepodge of centuries-old laws and traditions. When Peel took over the Home Office , he abolished the espionage and cruel punishments, ended the death penalty for most crimes, and inaugurated the first system of professional police —who in London to this day are still called "Bobbies" in his honour. The Municipal Corporations Act 1835 modernised urban government, which previously had been controlled by closed bodies dominated by Tories. Over 200 old corporations were abolished and replaced with 179 elected borough councils . Elections were to be based on registered voters, city finances had to be audited in
14464-452: Was a stalemate without purpose. A negotiated peace was reached at the end of 1814 that restored the prewar boundaries. British Canada celebrated its deliverance from American rule, Americans celebrated victory in a "second war of independence," and Britain celebrated its defeat of Napoleon. The treaty opened up two centuries of peace and open borders. Britain emerged from the Napoleonic Wars a very different country than it had been in 1793. As
14592-589: Was about 10%, the lowest in any modern nation. Foreign policy became moralistic and hostile to the reactionary powers on the continent, teaming up with the United States to block European colonialism in the New World through the Monroe Doctrine of 1823. Slavery was abolished throughout the British Empire. The Royal Navy stepped up efforts to stop international trade in slaves. Municipal reform
14720-470: Was adopted from the livre carolingienne system introduced by Charlemagne to the Frankish Empire . The penny was abbreviated to "d", from denarius , the Roman equivalent of the penny; the shilling to "s" from solidus (written with a long s , ſ , later evolving into a simple slash , / ); and the pound to "L" (subsequently £ ) from Libra or Livre . The origins of sterling lie in
14848-479: Was always mistaken. He opposed wars and imperialism. His unremitting hostility to the Crimean war led to his defeat for reelection in 1857. He was soon reelected from Birmingham, leading a national campaign for parliamentary reform to enlarge the suffrage to reach the working man. He was intensely moralistic and distrusted the integrity of his opponents. He loathed the aristocracy that continued to rule Britain. He held
14976-507: Was an era of rapid economic modernisation and growth of industry, trade and finance, in which Britain largely dominated the world economy. Outward migration was heavy to the principal British overseas possessions and to the United States. With respect to other powers, the British remained non-aligned until the early 20th century when the growing naval power of the German Empire increasingly came to be seen as an existential threat to
15104-458: Was closely linked to the Church of England , and expressed its strong hostility toward Catholics and nonconformist Protestants by restricting their political and civil rights. The Catholic started to organise in Ireland, threatening instability or even civil war, and the moderates in Parliament emancipated them. The Nonconformists were similarly freed from their restrictions. In addition to reforms at
15232-531: Was declared again. Napoleon's plans to invade Great Britain failed, chiefly due to the inferiority of his navy, and in 1805 a Royal Navy fleet led by Nelson decisively defeated the French Imperial Navy and Royal Spanish Navy at Trafalgar , which was the last significant naval action of the Napoleonic Wars. In 1806, Napoleon issued the series of Berlin Decrees , which brought into effect
15360-509: Was lured onto a British warship and shipped into exile on Saint Vincent on charges of "treaty breaking" and "obstructing commerce". Despite treaties extending British control over the tribes of the Cameroons , however, Britain was willing to recognize the German colony that usurped the area in 1885 as a check on French activity in the upper Congo and Ubangi watersheds. The scruples of
15488-546: Was reassembled under the banner of the Conservative Party. Numerous Tories, such as Lord Palmerston , switched over to the Whig opposition, and it became the Liberal Party . Constitutionally, the 1830s marks a watershed: the end of Crown control over the cabinet. King William IV in 1834 was obliged to accept a Prime Minister who had a majority in Parliament, and the Crown ever since has gone along with
15616-561: Was revoked in 1899 and, on 1 January 1900, the Royal Niger Company transferred its territories to the British Government for the sum of £ 865,000. The ceded territory together with the small Niger Coast Protectorate , already under imperial control, was formed into the two protectorates of Northern Nigeria and Southern Nigeria . The company changed its name to The Niger Company Ltd and in 1929 became part of
15744-471: Was the fourth-most-traded currency in the foreign exchange market , after the United States dollar , the euro , and the Japanese yen . Together with those three currencies and the renminbi , it forms the basket of currencies that calculate the value of IMF special drawing rights . As of late 2022, sterling is also the fourth most-held reserve currency in global reserves . The Bank of England
15872-588: Was the immediate repeal of the hated laws. Wellington and Peel originally were opposed, but then tried to compromise. They finally gave, splitting the Tory party, and signaling that the once unstoppable power of the Anglican establishment was now unexpectedly fragile and vulnerable to challenge. Three men shaped British foreign policy from 1810 to 1860, with only a few interruptions, Viscount Castlereagh (especially 1812–1822). George Canning (especially 1807–1829) and Viscount Palmerston (especially 1830–1865). For
16000-534: Was the long battle over the civil rights of Roman Catholics. Catholic emancipation came in 1829, which removed the most substantial restrictions on Roman Catholics in Great Britain and Ireland. The Duke of Wellington, as Tory prime minister, decided that the surging crisis in largely Catholic Ireland necessitated some relief for the Catholics, although he had long opposed the idea. The other main Tory leader
16128-523: Was the origin of its definition, manufacture, and name: the German name for the Baltic is Ostsee ( ' East Sea ' ) and from this the Baltic merchants were called Osterlings ( ' Easterlings ' ). In 1260, Henry III granted them a charter of protection and land for their kontor , the Steelyard of London , which by the 1340s was also called Esterlingeshalle ( ' Easterlings Hall ' ). Because
16256-526: Was the unexpected repeal of the many restrictions on Catholics, after widespread organised protest by the Catholic Association in Ireland under Daniel O'Connell , with support from Catholics in England . Robert Peel was alarmed at the strength of the Catholic Association, warning in 1824, "We cannot tamely sit by while the danger is hourly increasing, while a power co-ordinate with that of
16384-490: Was then able to maintain 30 trading posts along the river, and ruin its competition in a two-year price war: by October 1884 all three had permitted him to buy out their interests in the region and the NAC's annual report for 1885 was able to crow that it "remained alone in undisputed commercial possession of the Niger–Binué region". This monopoly permitted Britain to resist French and German calls to internationalize trade on
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