The Financial Revolution, 1660-1760


Book Description

The financial revolution marked the end of medieval England, and through the major institutions such as Lloyds and the Bank of England, laid the foundations on which England's emergence as a world power was based. The subsequent changes radically altered English politics, and this book aims to provide a concise guide to them. The series provides analysis of complex issues and problems in important A level Modern History topics. Using supporting documents, the books aim to give students a clear account of historical facts and an understanding of the central themes and differing interpretations. It is aimed at A level, first year university students and those at polytechnics and colleges of higher education. It should also be of interest to the general public who have an interest in British history.




The Financial Revolution 1660 - 1750


Book Description

The financial revolution marked the end of medieval England, and through the major institutions such as Lloyds and the Bank of England, laid the foundations on which England's emergence as a world power was based. The subsequent changes radically altered English politics, and this book aims to provide a concise guide to them. The series provides analysis of complex issues and problems in important A level Modern History topics. Using supporting documents, the books aim to give students a clear account of historical facts and an understanding of the central themes and differing interpretations. It is aimed at A level, first year university students and those at polytechnics and colleges of higher education. It should also be of interest to the general public who have an interest in British history.




The Financial Revolution in England


Book Description

Peter Dickson's important study of the origins and development of the system of public borrowing which enabled Great Britain to emerge as a world power in the eighteenth century has long been out of print. The present print-on-demand volume reprints the book in the 1993 version published by Gregg Revivals, which made significant alterations to the 1967 original. These included a new introduction reviewing recent work, and, in particular, 33 pages of detailed annotations and corrections, which, taken together, justified its status as a second edition.




Our First Revolution


Book Description

Describes the influence of Britain's Glorious Revolution of 1688 and 1689 on America's founding fathers, detailing the impact of the era on the evolution of representative government and the concept of individual liberty.




Money, Power, and Print


Book Description

"This collection gathers the expertise of scholars in several disciplines to examine the manner in which financial and economic arguments were expressed in pamphlets, broadsides, and longer works of literature in the seventeenth and eighteenth centuries, and to assess to what extent the political realities of the day were informed by these debates or, alternatively, shaped by that rhetoric. The contributors to the volume draw upon an extensive variety of contemporary sources and modern analyses of the formative years of the financial revolution to reexamine many of the existing conventional ideas about the relationship between money, power, and print, and to suggest that the subject is far more complex and interrelated than most studies up to now have indicated. Particular attention is paid to the fact that the financial revolution did not occur in London in isolation from the various regions of the British Isles." "The essays address the question of how money, power, and print influenced the contemporary emergence of a radically different public finance structure in the British empire and how retrospective understanding of the results have influenced historical readings of the texts and the events. A number of contributions offer detailed analyses of particular moments or structures in the reshaping of the public financial sphere, such as the parliamentary and pamphlet debate over the establishment of the Bank of England and proposals for a land bank as an alternative. Other essays focus on broader themes illustrative of larger trends during the period, such as the Scottish support for an expedition to Madagascar to take advantage of presumed pirate treasure on the island."--BOOK JACKET.




The Glorious Revolution


Book Description

First published in 1983, John Miller's Glorious Revolution established itself as the standard introduction to the subject. It examines the dramatic events themselves and demonstrates the profound impact the Revolution had on subsequent British history. The Second Edition contains a fuller discussion of Scotland and Ireland, the growth of a fiscal-military state and the role of religion and the Revolution.




The History of Banking I, 1650-1850 Vol I


Book Description

This edition brings together the most important English language tracts and pamphlets and other material on the origins and development of private banking, joint stock banking, central banking and other important related questions.




Money for Nothing


Book Description

The sweeping story of the world’s first financial crisis: “an astounding episode from the early days of financial markets that to this day continues to intrigue and perplex historians . . . narrative history at its best, lively and fresh with new insights” (Liaquat Ahamed, Pulitzer Prize–winning author of Lords of Finance) A Financial Times Economics Book of the Year ● Longlisted for the Financial Times/McKinsey Business Book of the Year Award In the heart of the Scientific Revolution, when new theories promised to explain the affairs of the universe, Britain was broke, facing a mountain of debt accumulated in war after war it could not afford. But that same Scientific Revolution—the kind of thinking that helped Isaac Newton solve the mysteries of the cosmos—would soon lead clever, if not always scrupulous, men to try to figure a way out of Britain’s financial troubles. Enter the upstart leaders of the South Sea Company. In 1719, they laid out a grand plan to swap citizens’ shares of the nation’s debt for company stock, removing the burden from the state and making South Sea’s directors a fortune in the process. Everybody would win. The king’s ministers took the bait—and everybody did win. Far too much, far too fast. The following crash came suddenly in a rush of scandal, jail, suicide, and ruin. But thanks to Britain’s leader, Robert Walpole, the kingdom found its way through to emerge with the first truly modern, reliable, and stable financial exchange. Thomas Levenson’s Money for Nothing tells the unbelievable story of the South Sea Bubble with all the exuberance, folly, and the catastrophe of an event whose impact can still be felt today.




British Philanthropy in the Globalizing World


Book Description

Between 1756 and 1840, philanthropy in the British world grew from the domain of small, associational committees to a vast enterprise of philanthropic and humanitarian societies with global reach. British Philanthropy in the Globalizing World tells the story of this movement, from its inception in small networks of mercantile and religious entrepreneurs to its signal projects and achievements in the abolition of slavery, in evangelical missionary societies, Bible societies, and in the early indigenous rights movement. It traces the lives and networks of hundreds of philanthropists across four generations, showing how their social, religious, economic, intellectual, and cultural worlds intersected to foster philanthropic innovation through organisational models, transnational networks, and the creation of a unique formative culture. It shows how groups such as the Clapham Sect -- including William Wilberforce, Henry Thornton, Hannah More, James Stephen, and others -- emerged in an intergenerational context, and how they sought to effect social and cultural change across multiple spheres. For every headline achievement, there were many failed experiments, inner wrestlings, and long-running intellectual collaborations that left a wide and deep imprint on the cultural and political landscape of the English-speaking world. Drawing on the separate historiographies of metropolitan philanthropy, associational culture, anti-slavery, moral reform, Evangelicalism, colonial missions, and economic thought, the study unites into one analytical frame both the imaginative and organizational realities of philanthropy, offering a dual focus on individual philanthropists -- their inner lives, daily practices, and participation in collaborative communities -- and on mapping the networks that bound philanthropic societies and projects together in metropolitan London and at the far reaches of the British world. In doing so, it offers a very human portrait of these entrepreneurs and evangelicals, as they pursued a philanthropic global vision.




The Day the King Defaulted


Book Description

This book studies King Charles II's decision to stop all payments from his royal exchequer, a sordid but little-known event in English history with eerie similarities to the cause of the Great Recession of 2008. As with any modern banking crisis, the financial system in 1672 almost collapsed, day-to-day commerce ground to a halt, houses were lost, and ordinary investors suffered—but there was no banking bailout, and no mercy for the goldsmith-bankers who had lent the king millions to fund his unsustainable lifestyle. The royal decision, made in the wake of plagues, fires, and war with the Dutch, left bankers unable to cover their own liabilities and, in the days before bankruptcy, they couldn’t walk away from their obligations and start fresh. Many bankers spent the end of their lives in debtors' prison, but English commoners had little sympathy for the plight of rich financiers—a sentiment echoed after the financial crisis of 2008. Ultimately, this book tells the complete story of the Merry Monarch's financial default (England's first and last) using the lens and language of modern financial products and markets. It covers the precarious history leading up to the infamous day in 1672, the intrigue surrounding the ‘stop’—including those who traded on inside information beforehand—and the attempt by distressed creditors to gain financial restitution.