A Safe and Easy Method for Supplying the Want of Coin, and Raising as Many Millions as the Occasions of the Publick May Require PDF Download

Author: William Atwood
Publisher:
ISBN:
Category : Coinage
Languages : en
Pages : 8

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Author: Christine Desan
Publisher: OUP Oxford
ISBN: 0191025380
Category : Law
Languages : en
Pages : 501

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Book Description
Money travels the modern world in disguise. It looks like a convention of human exchange - a commodity like gold or a medium like language. But its history reveals that money is a very different matter. It is an institution engineered by political communities to mark and mobilize resources. As societies change the way they create money, they change the market itself - along with the rules that structure it, the politics and ideas that shape it, and the benefits that flow from it. One particularly dramatic transformation in money's design brought capitalism to England. For centuries, the English government monopolized money's creation. The Crown sold people coin for a fee in exchange for silver and gold. 'Commodity money' was a fragile and difficult medium; the first half of the book considers the kinds of exchange and credit it invited, as well as the politics it engendered. Capitalism arrived when the English reinvented money at the end of the 17th century. When it established the Bank of England, the government shared its monopoly over money creation for the first time with private investors, institutionalizing their self-interest as the pump that would produce the money supply. The second half of the book considers the monetary revolution that brought unprecedented possibilities and problems. The invention of circulating public debt, the breakdown of commodity money, the rise of commercial bank currency, and the coalescence of ideological commitments that came to be identified with the Gold Standard - all contributed to the abundant and unstable medium that is modern money. All flowed as well from a collision between the individual incentives and public claims at the heart of the system. The drama had constitutional dimension: money, as its history reveals, is a mode of governance in a material world. That character undermines claims in economics about money's neutrality. The monetary design innovated in England would later spread, producing the global architecture of modern money.

Author: William Atwood
Publisher:
ISBN:
Category : Land banks
Languages : en
Pages : 8

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Author: Andrew McDiarmid
Publisher: Taylor & Francis
ISBN: 100091058X
Category : History
Languages : en
Pages : 212

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Book Description
The years 1690–1727 represented a period of significant change for Scotland. It was a time of grand colonial endeavours and financial innovation, punctuated by bouts of economic turmoil and constitutional and political uncertainty. The infamous Darien Scheme, the establishment of the Bank of Scotland and the Royal Bank of Scotland, the Anglo-Scots Union, the Hanoverian Succession, and the Jacobite rising of 1715, all occurred during this short time span. Therefore, it was not only a period that presented Scotland with opportunities but also a period in which the country ultimately lost its autonomy. It was also during these years, and against this unsettled backdrop, that the Scottish Financial Revolution commenced. The complexity of the Scottish situation during the late seventeenth and the early eighteen centuries has historically made the identification of a Scottish Financial Revolution difficult. This monograph, the first dedicated to the topic, addresses this problem and provides a model for identifying and understanding the revolution through the economic, political, and constitutional contexts of the period. Using examples of financial developments and innovation driven by Scotsmen in Scotland, Europe, and the colonies, this work defines the Scottish Financial Revolution as a series of developments which took place in Scotland when political circumstances allowed, but which also occurred outwith Scotland through the agency of members of the Scottish diaspora. This monograph is therefore the story of how Scotsmen at home and abroad contributed to financial debate and development between 1690 and 1727. Credit, Currency, and Capital: The Scottish Financial Revolution, 1690–1727 will appeal to students and scholars interested in the history of Economics and Finance. It will also be of interest to those studying the history of the Anglo-Scots Union and the complex relationship between Scotland and England.

Author: England and Wales. Parliament
Publisher:
ISBN:
Category :
Languages : en
Pages : 8

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Author: Henry Dunning Macleod
Publisher:
ISBN:
Category : Economics
Languages : en
Pages : 698

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Author: Macleod
Publisher:
ISBN:
Category :
Languages : en
Pages : 696

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Author: James Cruise
Publisher: Bucknell University Press
ISBN: 9780838754283
Category : Authors and readers
Languages : en
Pages : 260

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Paradoxically, however, each of these "realistic" novelists, other than Sterne, failed in his attempt to erect character as a moral buffer against the suspense of a commercially driven world."--Jacket.

Author: Henry Dunning Macleod
Publisher:
ISBN:
Category :
Languages : en
Pages : 728

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Author:
Publisher:
ISBN:
Category : Union catalogs
Languages : en
Pages : 712

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