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Throughout the eighteenth century hundreds of thousands of men and women were cast into prison for failing to pay their debts. This apparently illogical system where debtors were kept away from their places of work remained popular with creditors into the nineteenth century even as Britain witnessed industrialisation, market growth, and the increasing sophistication of commerce, as the debtors’ prisons proved surprisingly effective. Due to insufficient early modern currency, almost every exchange was reliant upon the use of credit based upon personal reputation rather than defined collateral, making the lives of traders inherently precarious as they struggled to extract payments based on l...
Analyses how bankruptcy was litigated within the court to gain a more nuanced understanding of early modern bankruptcy. This book examines cases involving bankruptcy brought before the court of Chancery - a court of equity which dealt with civil disputes - between 1674 and 1750. It uncovers the numerous meanings attached to financial failure in early modern England. In its simplest sense, personal financial failure occurred when an individual defaulted on their debts. Because they had not fulfilled their responsibilities and behaved in a trustworthy and credible manner, bankrupt individuals were seen to be immoral. And yet bankruptcy was linked to wider notions of credibility, trustworthines...
What role did the agricultural sector play in the economic crash of 1929? Taking evidence from country cases across Europe and the Americas, this edited volume explores short-, medium- and long- term perspectives on the primary sector. The monograph brings together the voices of an international panel of contributors who examine issues such as falling prices, industrial production, unemployment and the stagnation of aggregate demand. Together, they frame the interwar period as a pivotal turning point in the decline of subsistence agriculture and the growth of agricultural subsidies, which remain a key policy tool in many economies today. This illuminating book will be of interest to advanced students and researchers in economic history, agricultural history, globalization and economic development.
Aiming to go beyond reiterating the stereotypical narrative of the rise of welfare states, this interdisciplinary book examines the long-run historical processes of the development of the welfare state. It focuses on the complex political, social, economic and institutional transformations which give rise to these peaceful and cohesive societies. Welfare is crucial to the story of peaceful social integration and this book explores and explains this vital connection, taking a non-linear view of the history of moving from fragmentation to peace with comprehensive welfare institutions. Chapters collectively focus on three central areas: (a) types of socio-political fragmentation, (b) the interc...
Providing a new narrative of how local authority and social structures adapted in response to the decline of lordship and the process of state formation, Spike Gibbs uses manorial officeholding – where officials were chosen from among tenants to help run the lord's manorial estate – as a prism through which to examine political and social change in the late medieval and early modern English village. Drawing on micro-studies of previously untapped archival records, the book spans the medieval/early modern divide to examine changes between 1300 and 1650. In doing so, Gibbs demonstrates the vitality of manorial structures across the medieval and early modern era, the active and willing participation of tenants in these frameworks, and the way this created inequalities within communities. This title is part of the Flip it Open Programme and may also be available Open Access. Check our website Cambridge Core for details.
Examines debt insecurity in eighteenth-century Britain, a period of famously rapid economic growth when many people nevertheless experienced financial failure.
Drawing on an impressive range of archival material, this monograph delves into the careers of two businessmen who worked for Nordic chartered monopoly trading companies to illuminate individual entrepreneurship in the context of seventeenth-century long-distance trade. The study spans the Caribbean to the Indian Ocean, examining global entanglements through personal interactions and daily trading activities between Europeans, Asian merchants and African brokers. It makes an important contribution to our understanding of the role of individuals and their networks within the great European trading companies of the early modern period. This unique book will be of interest to advanced students and researchers of economic history, business history, early modern global history and entrepreneurship.
Luxury, Fashion and the Early Modern Idea of Credit addresses how social and cultural ideas about credit and trust, in the context of fashion and trade, were affected by the growth and development of the bankruptcy institution. Luxury, fashion and social standing are intimately connected to consumption on credit. Drawing on data from the fashion trade, this fascinating edited volume shows how the concepts of credit, trust and bankruptcy changed towards the end of the early modern period (1500−1800) and in the beginning of the modern period. Focusing on Sweden, with comparative material from France and other European countries, this volume draws together emerging and established scholars from across the fields of economic history and fashion. This book is an essential read for scholars in economic history, financial history, social history and European history.
The Routledge History of Poverty, c.1450–1800 is a pioneering exploration of both the lives of the very poorest during the early modern period, and of the vast edifices of compassion and coercion erected around them by individuals, institutions, and states. The essays chart critical new directions in poverty scholarship and connect poverty to the environment, debt and downward social mobility, material culture, empires, informal economies, disability, veterancy, and more. The volume contributes to the understanding of societal transformations across the early modern period, and places poverty and the poor at the centre of these transformations. It also argues for a wider definition of poverty in history which accounts for much more than economic and social circumstance and provides both analytically critical overviews and detailed case studies. By exploring poverty and the poor across early modern Europe, this study is essential reading for students and researchers of early modern society, economic history, state formation and empire, cultural representation, and mobility.
This monograph explores the economic consequences of the Cold War, a polarised world order which politicised technology and shaped industrial development. It provides a detailed archival-based history of the Finnish shipbuilding industry (1952–1996), which f lourished, thanks to the special relationship between Finland and the Soviet Union. Overall, it shows how a small country, Finland, gained power during the Cold War through international economic and technological cooperation. The work places Finland in a firmly international context and assesses the state–industry relationship from five different angles: technopolitics, trade infrastructure, techno-scientific cooperation, industrial reorganisation, and state aid. It presents a novel way to analyse industrialisation as an interaction between institutional stabilisation and f luctuation within a techno-economic system. In so doing, it makes empirical, theoretical, and methodological contributions to the history of industrial change. A History of Cold War Industrialisation will be of interest to advanced students and scholars in economic history, maritime history, Cold War history, and international political economy.