Hearth tax and became widespread in the 14th century when the royal finances were unable to bear the rising costs of war and state agents. In particular, "fouages" were levied in 1342 and 1349. The "hearth-penny" was an Anglo-Saxon term for "Peter's pence". In England, hearth tax, also known as hearth money, chimney tax, or chimney money, was a tax imposed by Parliament in 1662, to support the Royal Household of King Charles II. Following the Restoration of the monarchy in 1660, Parliament calculated that the Royal Household needed an annual income of £1,200,000. The hearth tax was a supplemental tax to
A Treatise on Money tries to prevent himself from being dragged along any further by representing the molehills in the pathway as mountains” John Hicks stated that the "A Treatise on Money" was the first economics publication to use the term liquidity, because he had not been able to find the term used in earlier works. A Treatise on Money A Treatise on Money is a work on economics by English economist John Maynard Keynes. In the "Treatise" Keynes drew a distinction between savings and investment, arguing that where saving exceeded investment, recession would occur. Thus, Keynes reasoned that during a depression the best