Credit and Power - The Paradox At the Heart of the British National Debt

This book reveals the role that credit played in the raising of British war loans between 1793 and 1815. It shows how, paradoxically, the government's creditors had very little "real" money to lend and were often reliant for their own solvency upon the very government to which they were lending.

List of contents

1. Context: The Financial Revolution 2. The Bank of England and the Suspension of Cash Payments (1797–1821) 3. Government Loan Contracting, 1793–1810 4. The House of Rothschild 5. Taxation 6. Peace and Its Consequences, 1815–1821 7. Conclusion

About the author

Simon Sherratt is an economic historian interested in the National Debt, government loan-contracting, credit and "money creation."

Summary

This book reveals the role that credit played in the raising of British war loans between 1793 and 1815. It shows how, paradoxically, the government’s creditors had very little "real" money to lend and were often reliant for their own solvency upon the very government to which they were lending.

Product details

• Authors: Simon Sherratt
• Publisher: Taylor & Francis Ltd.
• Languages: English
• Product format: Paperback / Softback
• Released: 31.08.2022
• EAN: 9780367614973
• ISBN: 978-0-367-61497-3
• No. of pages: 256
• Series: Routledge Studies in Modern British History
• Subjects: Humanities, art, music > History > Regional and national histories; Social sciences, law, business > Business > General, dictionaries; European History, HISTORY / General, BUSINESS & ECONOMICS / Economic History, Banking, HISTORY / Modern / 19th Century, HISTORY / United States / 19th Century, macroeconomics, c 1800 to c 1900, Economic history, British & Irish history, United Kingdom, Great Britain, HISTORY / Europe / Great Britain / General, Monetary Economics, c 1810 to c 1819, c 1800 to c 1809, c 1790 to c 1799, Public finance accounting