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Wage rates continued to improve in the later 19th century: real wages (after taking inflation into account) were 65 per cent higher in 1901 compared to 1871. Much of the money was saved, as the number of depositors in savings banks rose from 430,000 in 1831 to 5.2 million in 1887, and their deposits from £14 million to over £90 million. [75]
The early Victorian era before the reforms of the 1840s became notorious for the employment of young children in factories and mines and as chimney sweeps. [ 18 ] [ 19 ] Child labour played an important role in the Industrial Revolution from its outset: novelist Charles Dickens , for example, worked at the age of 12 in a blacking factory, with ...
There Have Been Weird Nicknames for Money Throughout Time Under the Coinage Act of 1792, gold coins had different values, including $2.50 (called a quarter eagle), $5 (half eagle) and $10 (eagle).
It followed a common pattern: as the price of railway shares increased, speculators invested more money, which further increased the price of railway shares, until the share price collapsed. The mania reached its zenith in 1846, when 263 Acts of Parliament for setting up new railway companies were passed, with the proposed routes totalling ...
Time was wasted when the postman waited at each house to collect payment. From 6 May 1840, letters could be prepaid with the first postage stamp, known as the Penny Black for up to a half ounce in weight, otherwise they would be charged twopence as unpaid letters or required additional postage. The use of prepaid postage through adhesive stamps ...
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The Victorian Church (2 vol 1966), covers all denominations online; Clark, G. Kitson The making of Victorian England (1963). online; Corey, Melinda, and George Ochoa, eds. The encyclopedia of the Victorian world: a reader's companion to the people, places, events, and everyday life of the Victorian era (Henry Holt, 1996) online