1st Edition
Credit and Power The Paradox at the Heart of the British National Debt
By Simon Sherratt
Copyright 2021
256 Pages
2 B/W Illustrations
by
Routledge
256 Pages
2 B/W Illustrations
by
Routledge
256 Pages
2 B/W Illustrations
by
Routledge
Also available as eBook on:
This book reveals the surprising role that credit, money created ex nihilo by financiers, played in raising the British government’s war loans between 1793 and 1815. Using often overlooked contemporary objections to the National Debt a startling paradox is revealed as it is shown how the government’s ostensible creditors had, in fact, very little "real" money to lend and were instead often... Read more
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
Biography
Simon Sherratt is an economic historian interested in the National Debt, government loan-contracting, credit and "money creation."
