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THOMAS TOOKE (1774-1858)

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Originally appearing in Volume V27, Page 14 of the 1911 Encyclopedia Britannica.
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THOMAS See also:TOOKE (1774-1858)  , See also:English economist, was See also:born at St See also:Petersburg on the 29th of See also:February 1774 . Entering a large See also:Russian See also:house in See also:London at an See also:early See also:age, he acquired See also:sound See also:practical experience of commercial matters and became a recognized authority on See also:finance and banking . He was one of the earliest See also:advocates of See also:free See also:trade and See also:drew up the Merchants' See also:Petition presented to the House of See also:Commons by See also:Alexander See also:Baring, afterwards See also:Lord See also:Ashburton . He gave See also:evidence before several See also:parliamentary committees, notably the See also:committee of 1821, on See also:foreign trade, and those of 1832, 1840 and 1848 on the See also:Bank Acts . He was elected a See also:fellow of the Royal Society in 1821 . He died in London on the 26th of February 1858 . See also:Tooke was the author of Thoughts and Details on the High and See also:Low Prices of the last See also:Thirty Years (1823), Considerations on the See also:State of the Currency (1826), in both of which he showed his hostility to the policy afterwards carried out in the Bank See also:Act of 1844, but he is best known for his See also:History of Prices and of the State of the Circulation during the Years 1793–1856 (6 vols., 1838–1857) . In the first four volumes he treats (a) of the prices of See also:corn, and the circumstances affecting prices; (b) the prices of produce other than corn; and (c) the state of the circulation . The two final volumes, written in See also:conjunction with W . See also:Newmarch (q.v.), See also:deal with See also:railways, free trade, banking in See also:Europe and the effects of new discoveries of See also:gold .

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