- Prices fell but so did the value of farm goods, the price farmers could get for their grain, the value of manufactured goods and so on. The economy faltered.
- Taxes remained high, driven by the debt.
- Unemployment in all sectors rose.
- Cuts to the armed forces unleashed thousands of former soldiers adding to the pool of unemployed.
- Starvation rose.
Many in the upper classes believed reform would lead to revolution, and protected the status quo. In the parliamentary session of 1819, the lords concerned themselves primarily with regulation of postage and postal routes, stamp duties, and forgery. Meanwhile unrest seethed, especially in the northern industrial cities. It would explode last summer.
Our Duke of Clarion pours over reports and worries about what may happen.