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The book reviews the finance, economics, and history of tontines, and argues that they should be resurrected in the twenty-first century.
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From the last decades of the seventeenth century until the beginning of the twentieth, the tontine, in one form or another, was a ubiquitous financial instrument. As a revenue-raising tool of governments it supported the cost of war, and as a private capital-raising instrument it provided funding for civic improvement and urban development projects. While the tontine is known today mainly through fictional works (Robert Louis Stevenson, Agatha Christie, and The Simpsons among others), this book tells the history of how it evolved from a public revenue-raising scheme into a popular private investment and infrastructure financing tool, before it was displaced by cheaper forms of borrowing. Focusing on the early development of the tontine, and with European and North American case studies, the narrative brings to life the story of a little-understood financial innovation. This concise and engaging book is an ideal introduction to the history of the tontine for all readers interested in financial history.
Of the four corners of Glasgow, the East End is the richest source of stories that reach back far into the annals of time. What began as a small patch of land owned by the ancient clergy has evolved through the ages, providing historians with a veritable treasure trove of colorful tales and interesting characters. This comprehensive anthology brings together the histories of the collective of districts that have developed over centuries and which give the East End of Glasgow its unique personality: the Gallowgate, Bridgeton, Calton, Parkhead, Shettleston, Tollcross, and more. Many of the fading memories of latter years are kept alive in this oral history of Glasgow's East Enders, who have generously contributed their own anecdotes about life in an area that is poor in status yet rich in character. Yet there are many stories of East Enders who have changed people’s lives, be they entertainers, artists, scientists, or entrepreneurs. From Stan Laurel and Lulu to Horatio McCulloch and Peter Howson, "Barras Queen" Maggie McIver and bra queen Michelle Mone, all are featured in this engrossing celebration of Glasgow’s East End.
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